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.
Former franchise partner of food retail chain CBA, Palóc Nagykereskedelmi is going into liquidation after not being able to reach an agreement with its creditors. The company filed for bankruptcy last autumn, after three consecutive years of losses and accumulating debts of several billion forints (Hungarian currency). According to state law, retailers with over HUF 15 bn (EUR 485 million) net revenue but no profits in two consecutive years must cease operation. Before bankruptcy proceedings, Palóc Nagykereskedelmi was the largest employer in Nógrád county, with 1300 employees. During the proceedings, headcount was reduced to 130.
Eurofound (2017), Palóc Nagykereskedelmi, Bankruptcy in Hungary, factsheet number 90589, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90589.
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...
