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 glasses and optical products brand 'Lunettes pour tous' (Glasses for all) has announced the recruitment of 250 permanent jobs, which will be paid on average 50% more than the minimum wage. While many optical stores are closing (300 stores closed in 2017 out of 12,440), the low-cost brand created in 2014 has announced the doubling of its network, currently composed of eight stores. New stores are planned in Paris, the Paris suburbs, Nice (Alpes-maritimes) and Montpellier (Hérault).
A 'Lunettes pour tous' point of sale is aims to sell 400 pairs of glasses per day. The average of traditional opticians is 2.7 pairs. The company's slogan is 'Eyeglasses for €10 euros in 10 minutes'. If the average basket is actually €42, for a traditional optician it is €450. In the stores, customers have the choice between 1,000 frames made in China whose price varies from €10 to €30. The customer can have his vision checked and receives his pair of glasses within 10 minutes. The store has lenses in stock corresponding to 86% of the existing corrections on the market. 'Lunettes pour tous' achieved a turnover of €21 million in 2017; this amount corresponds to the sale of approximately 500,000 glasses.
Eurofound (2019), Lunettes Pour Tous, Business expansion in France, factsheet number 96337, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96337.
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...
