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.
On 18 October 2017, the German optics and electronics manufacturer Carl Zeiss, confirmed the loss 140 jobs in and the relocation of 80 jobs from Wetzlar to Oberkochen due to internal restructuring. Potentially, parts of the job cuts will be relocated to Hungary. All jobs are part of the Zeiss Sports Optics in Wetzlar which currently has 300 employees. Cuts will mainly affect production. There is no time frame yet, however, negotiations with the works council regarding a social plan will start shortly.
Due to a deficit of 15 million Euros over the last ten years, cuts have to be made in order to preserve the site in Wetzlar and make Zeiss Sports Optics profitable again.
Eurofound (2017), Zeiss Sports Optics, Relocation in Germany, factsheet number 92311, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92311.
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...
