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.
Covalen, an Irish outsourcing firm providing content moderation, AI training and back-office services, has entered a consultation process regarding potential redundancies at its Dublin operations. The proposed job cuts, announced in late 2025, are expected to mainly affect AI annotator roles, alongside positions in quality control, management and support functions. The number of redundancies is approximately 300, less than some 400 which were initially announced in December 2025, due to the redeployment of around 100 employees. Covalen employs 2,000 people in Ireland, in Dublin and Limerick, and provides services such as content moderation and AI training for social media company, Meta. The Communications Workers’ Union (CWU) which represents employees in Covalen was in dispute with the company over the redundancy package on offer, with the company offering statutory redundancy payments only.
Eurofound (2025), Covalen, Internal restructuring in Ireland, factsheet number 204129, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/204129.
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...
