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.
Globalfoundries, a US-based semiconductor foundry, will cut 900 jobs in the framework of a an important strategy shift. The semiconductor foundry has decided to cease development of bleeding edge manufacturing technologies and stop all work on its 7LP (7 nm) fabrication processes. The company is not able to pursure the competition with the three largest foundry (TSMC, Samsung and Intel) in the race of reducing the size of microships. Instead, the company will focus on specialized process technologies for clients in emerging high-growth markets, based on the company’s 14LPP/12LP platform. This strategy shift will lead GF to redeploy the staff working on the 7nm microships. But it will also cut 5% of its staff worldwide, about 900 employees. The company's headquarters are in Santa Clara, US. A former reorganisation was recorded in the ERM database affecting 700 to 800 jobs in Germany in 2015.
Eurofound (2018), GlobalFoundries, Internal restructuring in World, factsheet number 95496, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95496.
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...
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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...
