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.
Hervis, an Austrian sport-retailer, announced the closure of 17 of its 93 stores in 2026, leading to about 100 job cuts across several locations in Austria. The restructuring will unfold gradually throughout 2026, with the final closures expected by 31 December 2026.
The closures are part of a strategic realignment under the new ownership by Quantum Investment Holding, aimed at focusing on market and customer demands while shedding stores that are no longer profitable.
A social plan was negotiated jointly with the works council and the trade union, outlining severance and support measures for affected employees.
The announcement to close 17 of its Austrian stores follows a previous announcement by the company to put strategic focus on its Austrian market operations and announcing the sale of its Croatian, German and Slovakian subsidiaries. A move that caused the closure of all Slovakian locations and loss of 250 jobs Hervis 2026 - SK.
Eurofound (2026), Hervis, Internal restructuring in Austria, factsheet number 300559, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/300559.
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...
