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.
Construction contractor M3 Anlegg, based in Bodø, Norway, has declared bankruptcy. 180 employees will be dismissed. The company posted a large negative result in 2016 and struggled financially in 2017. Its board and administration tried to refinance the company from mid December, before declaring bankruptcy on 4 January. M3 Anlegg has been involved in several large road- and tunnel construction projects in Bodø and Stavanger, primarily as a subcontractor. Both results and prognoses for several of the projects have turned out to be worse than previously thought. Trade union representative Tommy Pedersen says to Avisa Nordland that the employees received the news on 4 January, and that the announcement was met with initial reactions of 'silence and prostration'.
Eurofound (2018), M3 Anlegg, Bankruptcy in Norway, factsheet number 92990, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/92990.
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...
