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 multinational Worldwide Transcon, specialised in the provision of call-centre services, has announced that it will implement an employment adjustment plan that will affect 315 workers. The measure will be implemented because the company has lost its previous contract with the Spanish bank Banco Santander, that has decided to contract those services to the companies Konecta, Unisono and Sitel. Workers affected by the measure are those employed in the offices located in Pozuelo de Alarcón (Madrid). The measure should start to be negotiated with the trade unions by 9 May. The trade union CGT has criticised that the sectoral collective agreement recently negotiated between the employer associations and the trade unions UGT and CCOO did not include the right to subrogation aiming to guarantee that the workers of the company services will remain in their jobs if the contracted company change, as initially demanded. This measure would have prevented those dismissals.
Eurofound (2017), Transcom Worldwide Spain, Internal restructuring in Spain, factsheet number 90824, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90824.
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...
