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 Bombay Group, which recently opened a luxury hotel and casino in Tallinn's Old Town, announced the layoff of at least 145 people due to internal restructuring. The redundancies will affect staff across the group’s hotels, restaurants, the casino, and office functions.
According to the company representative, the hotel, restaurant and entertainment complex, which cost around €100 million, has grown to nearly 500 employees over the past two years. According to Maarja Pärt, a member of the Yolo Group's supervisory board, during the rapid development phase, many processes were duplicated to ensure a successful start for the business. Now that the business has completely established itself, it was time for restructuring to increase efficiency and turn to profits.
Yolo Group, the group that Bombay belongs to, laid off 280 people only a few months ago also due to internal restructuring and a change in their business model.
UPDATE 10.03.26: On the 4th of March 2026, a member of the management board for Bombay Group announced that the luxury hotel and casino establishment will go through one more round of layoffs due to internal restructuring. They did not specify the exact number of layoffs but said that it will affect more than half of the currently employed people. According to Teatmik.ee, Bombay Group had 164 employees in the last quarter of 2025.
UPDATE 26.03.26: On the 17th of March 2026, Bombay Group filed an initial redundancy plan to the Estonian Unemployment Insurance Fund which can affect up to 410 employees in the company. Currently the whole Group employs 424 people. The number of people that will be laid off from each branch is as follows: Bombay Club and Resort (165–170 employees); Bombay Group (155–160 employees); Burman Hotel (65–70 employees) and Rataskaevu Hospitality (5–10 employees). They said the final number will be announced on Friday 20 March, but that has yet to be released.
Eurofound (2025), Bombay Group, Internal restructuring in Estonia, factsheet number 203726, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/203726.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
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...
