Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Swedish nuclear power producer OKG AB has initiated employer-employee negotiations aiming to cut 280 jobs over the next three years. The reason for the redundancies is the close of the first and second reactor (O1 and O2) at the nuclear power plant in Oskarshamn. Only one reactor will remain after O1 and O2 have been discontinued. The company had hoped that the closure of the reactors could be managed without lay offs, but 280 employees will be made redundant according to new information. Redundancies will be carried out primarily during 2017 and 2018.
Updated, 19/05/2017OKG has revised the number of direct dismissals to be carried out during 2017. Initially OKG planned to lay off 200 workers during 2017, 200 jobs will still be cut although only 84 individuals will be directly dismissed. The remaining 116 jobs have and will be cut through pension agreements and other volunteer job reduction measures.
Eurofound (2016), OKG AB, Internal restructuring in Sweden, factsheet number 89138, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89138.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
