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.
Santander Bank Polska, part of the Spanish multinational commercial bank and financial services company, has announced that it will implement a collective dismissal programme which will affect up to 1,400 employees (about 11% of the bank’s total workforce). In February, the bank will negotiate the conditions of the programme with the local trade unions, and the dismissals will be carried out by the end of 2019. The restructuring will affect all branches across Poland as well as the company’s headquarters located in Warsaw. The programme aims at rationalising business processes and improving financial effectiveness. The bank is the third largest in the country and comprises both the former BZ WBK bank and the retail part of Deutsche Bank Polska, which Santander took over in 2018.
Eurofound (2019), Santander Bank Polska, Internal restructuring in Poland, factsheet number 96499, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96499.
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...
