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.
Mattel, a leading global children's entertainment company that specialises in design and production of toys and consumer products (Barbie, American Girl and Hot Wheels brands), has announced over 2,200 job cuts worldwide, representing 22% of global non-manufacturing workforce, as well as planned sale of manufacturing sites in Mexico. The job cuts will mainly affect support functions and back-office, according Mattel. In its press release, Mattel blamed 'higher materials costs, higher obsolescence, and unfavourable product mix' for a decrease in its gross margin to 30.1 per cent, down from 41 per cent in the same quarter in 2017. 'We are in a turnround and as expected, had a challenging second quarter driven primarily by the Toys 'R Us liquidation,' said the new chief executive. Due to the Toys 'R' Us liquidation, Mattel has seen its sales dropping by about 11% between April and June 2018.
Mattel previously restructured with 1,000 jobs cuts in 2009.
Eurofound (2018), Mattel, Internal restructuring in World, factsheet number 94716, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94716.
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...
