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.
Voestalpine, a large Austrian steel manufacturer, announced the elimination of around 150 jobs at its Kindberg plant, a facility that produces seamless steel tubes for the automotive, oil and gas sectors.
The cuts are driven by escalating U.S. tariffs that have sharply increased export costs to the company’s largest market, forcing a reduction in workforce as part of an internal restructuring. In addition to the already existing steel tariffs of 50 percent to the US, further levies are now being added, so that the total customs burden could rise to as much as 107.38 percent. Also further important sales markets, e.g. in the Middle East, are also difficult due to the conflicts there.
The plant in Kindberg had already suffered from job cuts at the end of 2025:Voestalpine 2025 - AT .
At the end of September, around 950 employees were still employed at the site. All 150 positions will be eliminated by the end of March 2027, with a social plan being negotiated with the works council to support affected employees until the end of November 2026.
Eurofound (2026), Voestalpine, Internal restructuring in Austria, factsheet number 301420, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/301420.
While large-scale redundancies at major manufacturers dominate the headlines, the true impact of this restructuring is being felt most acutely within the wider supply chain. This article examines the uneven distribution of job losses, the growing geographical shifts in production,...
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,...
