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 Hungarian budget-airline Wizz Air announced that it start operating from the airport in Vienna, Austria as of June 2018, which is set to create up to 120 new jobs. Wizz Air will start with three aeroplanes to serve cities in Eastern Europe as well as popular holiday destinations in Italy, Spain and Greece that were formerly serviced by Air Berlin and the insolvent airline Niki (as Eurofound has reported previously). The airline is currently looking for pilots as well as flight attendants.
Wizz Air expands not only to Austria but has also invested in business expansion in several other countries in Europe, such as Romania (Eurofound report on expansion in Romania). The company is planing to triple the overall number of aeroplanes, passengers and employees in the next nine years.
As of January 2018, Wizz Air employs about 3,000 people.
Eurofound (2018), Wizz Air, Business expansion in Austria, factsheet number 93002, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93002.
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...
