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 16 February 2018, the German vehicle manufacturer Daimler announced it aims to reduce its fixed costs by €400 million by the end of 2018 through an austerity programme called 'Stream', which will affect approximately 2,500 employees worldwide. Stream includes a voluntary redundancy programme, which by the end of 2017 has been accepted by 800 employees in Germany. In Wörth 280 employees have chosen to accept Stream, in Stuttgart 260 employees, in Mannheim 130 employees, in Gaggenau 140 employees and in Kassel 40 employees.
In May 2017, Daimler announced the loss of 2,000 jobs worldwide, but later ruled out all locations except Germany. In the meanwhile, Stream has been updated, with Daimler planning to cut 2,500 jobs worldwide. However, as of today the only known location is Germany.
The job reduction will become active starting January 2019, but employees can choose to accept Stream until the end of 2018. Further distribution of planned cuts has yet to be announced. However, Daimler is trying to cut jobs mainly by natural fluctuation such as early-retirement-programmes.
Eurofound (2018), Daimler, Internal restructuring in Germany, factsheet number 93482, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93482.
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...
