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 German carmakers Daimler, has announced a plan to cut at least 10,000 job worldwide by the end of 2022. The number of job cuts could be higher as the personnel chief told to journalists that ‘the total number worldwide will be in the five-digits'. On 14 November, Mercedes-Benz, owned by Daimler, already announced a plan to save €1 billion in staff costs in Germany, and unions suggested 1,100 jobs could be cut.
Daimler restructuring is a response to the disruption caused by the automotive industry shift from combustion to electric engines. The carmaker has to invest considerable resources in battery electric cars to meet EU regulations coming into force in January that will impose fines on carmakers which do not reduce average carbon dioxide emissions below 95g per kilometre. To reduce its staff, Daimler will use 'natural fluctuation', as well as offer 'part-time retirement' and a severance programme in Germany, to reduce the number of administrative staff. A jobs guarantee valid until 2029 covers production line workers, therefore these jobs are not included in the figures.
Update 10/02/2020 : Daimler has increased the number of job cuts to 15,000. Dismissals should take the form of severance payments, early retirement and partial retirement.
Eurofound (2019), Daimler, Internal restructuring in World, factsheet number 99295, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99295.
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...
