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.
Airbus Group SE has announced to its European Central Works Council further details on the company’s planned restructuring as of 1 January 2017. As part of the restructuring measures, Airbus Group envisages a progressive reduction of its current workforce of around 136,000 by a maximum of 1,164 positions worldwide. According to an employment security plan signed in June 2017 with the representative unions, 546 will be cut in France in Suresne where a site employing 350 people will be closed and at the headquarter in Toulouse. 184 positions will be move from Suresnes to Toulouse. In the framework of the employment security plan, 80 recruitments are foreseen in the R&D and digitalisation. The net job cuts will result in 466 positions (546 - 80).
The employment security plan contains several measures to avoid forced dismissals as voluntary departures, redeployments and early retirements. The plan will be opened since 1st July 2017 until 30 June 2018. If the number of job reduction is not reached, then forced dismissals could occur. It is the first time that the management has not taken the commitment to avoid forced dismissals, despite calls from the unions. AIrbus Group employs 55,000 people worldwide including 26,000 in France (mainly in Toulouse where it has 21,000 employees).
Eurofound (2017), Airbus Group, Internal restructuring in France, factsheet number 91505, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91505.
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...
