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 employment pension insurance company Ilmarinen has initiated employer-employee negotiations to cut up to 180 jobs in 2018-2020. The reduction is due to the merger of the employment pension insurance companies Etera and Ilmarinen in January 2018. The two companies currently have a total of 801 employees, and employees of both companies will be treated equally in the negotiations. Ilmarinen states that the final number of redundancies is likely to be significantly lower than the estimated maximum, as the merger will be gradual and around 50 people are expected to retire in the next two years, which alleviates the pressure to restructure.
Eurofound (2017), Ilmarinen, Merger/Acquisition in Finland, factsheet number 92699, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92699.
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...
