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.
Tenerife Shipyards, a Spanish ship repair company, announced the creation of approximately 600 new jobs with the launch of its floating dry dock, Hidramar Ultra 22000, in Puerto de Santa Cruz de Tenerife.
The facility, built in China and transported over two months, will operate in 90 days, marking a significant expansion of the local maritime industry. The project aims to boost qualified employment, training local welders and naval engineers, and to position the archipelago as a global service hub for large vessel repairs.
The initiative reflects a strategic investment of more than 50 million euros and will contribute to regional economic growth.
Eurofound (2026), Tenerife Shipyards, Business expansion in Spain, factsheet number 300185, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300185.
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...
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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...
