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.
Malta's largest online betting company, Betsson, has reduced its workforce by 130 employees, as part of an internal restructuring process to streamline the Group and increase its efficiency.
Termination letters will be issued at the end of January and job cuts were implemented with immediate effect. This measure will reduce the local company’s 1,100 employees to 970 and is predicted to save the company somewhere between € 5 to 6 million annually. Betsson, which prior to this restructuring employed 1,900 workers globally, will be cutting a further 30 jobs from one or more of its 11 other locations.
The government is confident that the employees who are being made redundant will find employment with other companies in the gaming sector. It has also expressed its gratitude to Betsson for reaffirming that it will retain its headquarters in Malta.
Eurofound (2018), Betsson, Internal restructuring in Malta, factsheet number 93253, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93253.
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...
