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 Bel group has announced a reorganisation that will lead to cut 160 positions and to create 116 jobs, reducing the net job losses to 44. Bel products are prepared at 32 production sites and distributed in over 130 countries. It reached a turnover of €3.3 billion in 2017. The group explains that it 'faces important challenges to safeguard its competitiveness, particularly in France'. The reorganisation should make it possible to adapt and simplify its operating methods, particularly at the level of the teams at its headquarter. The aim is to make the company more responsive to the consumption changes of the 'Millennial' generation and the challenges of packaging transformation. An information and consultation process of the employee' representatives must be completed in December 2018. The new organization will lead to a decrease in the number of employees in France, mainly from Fromageries Bel in Suresnes (Hauts-de-Seine) with a voluntary departure plan, accompanied by a redeployment plan, which could lead to the 160 job cuts and the creation of 116 positions out of the 3,800 people employed in France. Industrial activities would not be impacted.
The Bel Group is a world leader in branded cheese and a major player in the healthy snacks segment. Bel employs 12,700 people (including 3,800 in France) in some 30 subsidiaries around the world.
Eurofound (2018), Bel, Internal restructuring in France, factsheet number 95555, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/95555.
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...
