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 international aerospace industry company Airbus has announced an adjustment plan that will affect 2,362 employees at international level; 630 workers will be affected in Spain, most of them in its centre located in Seville (Andalucia), focused on manufacturing of military aviation.
The company said the restructuring is due to a slowdown in orders (concretely the transport airplane A400M manufactured in Seville), the emergence of new competitors in the sector, and the freezing of the Boeing 737 MAX production (Airbus manufactured some parts of that model).
Trade unions have rejected these arguments, organising a set of protests in its eight factories in Spain.
Update 01/07/2020:
After a long negotiation with the unions, Airbus has announced that the collective dismissal will affect 900 workers in Spain and 15,000 worlwide. This figure is higher than the expected in February due to the impact of the COVID-19 crisis on the aeronautical sector. The company assures they will negotiate with the unions to facilitate voluntary departures and early retirements.
Eurofound (2020), Airbus, Internal restructuring in Spain, factsheet number 99857, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/99857.
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...
