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.
Clearstream, a banking and financial entity based in Luxembourg, will dismiss 212 employees. The social agreement concerning the restructuringhas been negotiated by three trade unions: ALEBA, OGB-L and LCGB and the staff delegations of Clearstream Banking and Clearstream International. Until April, affected employees can apply for voluntary departure but after that date, if not enough people have applied, the company will proceed with dismissals to achieve the planned dismissals by the end of 2021.
According to the trade Unipon ALEBA, the restructuring decision is driven by digitalisation and the opportunity to move some functions to less expensive locations in Europe.
Eurofound (2018), Clearstream, Offshoring/Delocalisation in Luxembourg, factsheet number 96298, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96298.
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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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...
