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 German financial service provider Deutsche Bank (DB) has announced it will cut 4,500 jobs by the end of 2018 due to internal restructuring and 3,000 more by 2019. According to its CEO, the bank could bring the total number of employees from 97,500 in December 2017 down to below 93,000 this year and “well below” 90,000 by 2019, so that the total job cuts could reach 10,000. The bank’s investment banking and corporate divisions will be most affected. One in four jobs in its equities sales and trading business will be axed. The DB expects a restructuring costs of €800 million for 2018. However, according to the Financial Times, 'cutting the workforce so far has been less costly than expected" as over the first six months of 2018, restructuring costs stood at €280m.
Eurofound (2018), Deutsche Bank, Internal restructuring in World, factsheet number 94718, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94718.
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...
