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.
DNB, Norway's largest financial services group, will hire 100 new employees in IT over the next year. The company has closed local banks and gradually reduced its staff over the past years as digitalisation has reduced the need for physical banks, and nine out of ten customers now primarily use online banking services. IT and Operations group executive vice president Liv Fiksdahl states that IT-specialists are the bank employees of the future, just as much as economists. She explains that DNB currently spends a lot of its resources on IT, and is now positioning itself for further growth in these services with several upcoming projects. DNB is also planning to outsource the operation of its digital payment platform Vipps, and is currently in talks with Microsoft and Amazon.
Eurofound (2016), DNB, Business expansion in Norway, factsheet number 89690, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89690.
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...
