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.
Engineering group Rolls Royce is to cut around 200 jobs in its marine division in Norway. Parent company Rolls Royce has cut around 4000 jobs over the last two years. The marine division has seen cuts of 1000 jobs. Rolls Royce Marine currently employs 4800 people globally and 1750 in Norway, most located in Møre and Romsdal. The reduction is part of a global restructuring plan first announced in December 2016, which will cut 800 jobs in the first half of 2017. The restructuring takes aim to cut costs to a level suited to the current market situation in the petroleum sector. A quarter of these cuts will be undertaken in Norway, where all employees were offered severance packages providing three to seven months extra pay, dependent on seniority and age. 176 employees applied for the severance packages, which were intended to be in effect from March. The company has stated that each application will be evaluated and that it is unlikely that all will be accepted. Some direct dismissals will likely be used to meet the target of 200.
Eurofound (2017), Rolls Royce Marine, Internal restructuring in Norway, factsheet number 90581, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90581.
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...
