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.
Siemens Czech Republic, Czech subsidiary of the Germany-based Siemens Group, is expanding its production capacity at two manufacturing sites in the Czech Republic and will create 350 new jobs in 2017. The recruitment campaign is to start in May 2017. The Mohelnice plant, which focuses on the production of small electric motors, is looking for 150 new workers such as blue-collar workers, managers, researchers and developers. The second plant, which manufactures big electric motors and is located in the city of Frenštát pod Radhoštěm, intends to hire 200 employees, such as operators, CNC machinists, warehousemen etc. According to Siemens spokesperson, the firm is targeting people of ages, gender and work experience.
Siemens is one of the largest electrical companies in the Czech Republic and, with a total of 10,000 staff, ranks among the largest employers in the country. In 2016, Siemens Czech Republic recorded a trade turnover over CZK 29 billion (EUR 1 billion).
Eurofound (2017), Siemens Czech Republic, Business expansion in Czechia, factsheet number 90631, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90631.
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...
