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 construction firm OHL will implement an employment adjustment affecting 457 workers (around 24% of the entire workforce). The measure has been agreed with the trade unions CCOO and UGT and has been ratified by the workers. The agreement means a reduction of the number of dismissals initially proposed by the company (17% less). The company estimates that it will save €34.2 millions with the measure, although it will depend on the number of workers who voluntarily join the employment adjustment plan. Indeed, the measure is justified to save costs due to the drop of public work assignments.
Workers younger than 59 years will receive a severance payment equal to 32 days per year worked up to a total of 25 months' pay. Workers between 59 and 63 years will receive 85% of their wages until they reach the retirement age. Workers older than 63 years will receive a severance payment equal to 20 days per year worked up to a total of 12 months' pay.
Eurofound (2017), OHL, Internal restructuring in Spain, factsheet number 91467, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91467.
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...
