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.
The Swedish engineering company Sandvik intends to double the production capacity of its factory in Turku. Since September 2016, some 50 new employees have been hired at the factory, which now engages approximately 500. More than 100 new employees, mostly welders and different types of technicians and assemblers, are still needed. The expansion is partly due to the global increase in the price of metal, but also to the demand for the specific large mining machines developed and built in Turku. In addition to the employment effects at the factory itself, manifold growth is expected within Sandvik's wide network of subcontractors. The key question of the expansion is whether the company will be able to find enough competent workforce: Sandvik will be competing for employees with the equally expanding Meyer Turku Shipyard and the Valmet Automotive car factory in nearby Uusikaupunki.
Eurofound (2016), Sandvik Mining and Construction, Business expansion in Finland, factsheet number 89697, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89697.
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...
