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 Danish multinational company FLSmidth cuts the number of employees by about 500. FLSmidth provides global cement and mineral industries with factories, machinery, services and know-how. According to the management, the reason for the cuts is industry restraint and delays of large capital investment in the global market.
The Group has a total of 11,400 employees in 60 countries. About 80 of the affected employees are affiliated to the head office in Valby, in the municiplality of Copenhagen, Denmark, while the remaining 420 are distributed at regional offices around the world.
There is no information about a foreseen end date for the reorganisation yet.
Eurofound (2020), FLSmidth, Internal restructuring in World, factsheet number 99841, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99841.
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...
