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.
Durubor, a Belgian manufacturer of glass products established in Zinnik, has announced its closure. In total all 200 employees will be affected and are at risk of losing their job. Walloon economics minister Jean-Claude Marcourt has previously indicated concerns with regards to the company's financial situation. Trade unions are however surprised with the sudden decision to declare bankruptcy. They see the ongoing demand to reduce prices by their biggest clients as one of the main factors that has led to the company's downfall. Trade union representatives state they have received very little information from the company management so far and many things remain unclear. A Walloon investment group (Sogepa) has announced it will continue to support the company until 30th of June this year.
Eurofound (2017), Durobor, Bankruptcy in Belgium, factsheet number 90709, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90709.
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...
