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.
Blizzard Entertainment has announced 134 job cuts in its office at Versailles (Yvelines) out of a total workforce of 400 employees. These job cuts are part of a global reorganisation decided by the American parent company, Activision Blizzard, which has eliminated some 800 positions out of a total workforce of 9,600 employees worldwide.
This announcement left employees surprised because the publisher achieved a record turnover in 2018 of about $6.62 (€5.85) billion. Although, when Blizzard Entertainment presented its financial results, it specified that no major releases were planned for 2019. Blizzard could propose transfers to its other European facilities located in Cork (Ireland), or The Hague (Netherlands). However, it can be estimated that a large number of employees will not accept such transfer.
Eurofound (2019), Blizzard Entertainment, Internal restructuring in France, factsheet number 97210, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97210.
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...
