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.
Lithuanian retailer Maxima LT announced plans to create more than 300 new jobs across different regions of Lithuania by the end of 2018. According to the management, the company plans to further expand and will open several new stores in Lithuania in 2018. However, the company is experiencing the shortage of employees and has introduced a new incentive-based system which will cost around €3 million per year. After the introduction of the new system, more employees will have the opportunity to receive bonus payments in addition to their basic salary. It is expected that the new system will help to retain staff in the long-run.
Currently Maxima LT owns 244 retail chains in Lithuania which employ 15,337 people. Maxima retail chain is operating in Lithuania, Latvia, Estonia, Poland and Bulgaria.
Eurofound (2018), Maxima LT, Business expansion in Lithuania, factsheet number 94277, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94277.
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...
