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.
Sande Stahlguss, a German steel-casting company, has announced the immediate closure of its foundry in Sande, Niedersachsen, resulting in the loss of more than 100 jobs.
The closure is driven by insolvency caused by liquidity shortages, the high production costs associated with manufacturing components weighing up to 100 tonnes, delayed customer payments, and rising energy expenses. Years of insufficient modernisation also diminished the company’s appeal to potential investors, ultimately leaving no viable path forward.
The works council and the IG Metall trade union have publicly confirmed the job losses and voiced their frustration at the prolonged delays and lack of necessary investment.
With a history spanning more than 90 years, Sande Stahlguss produced around 3,500 tonnes of specialised steel components annually for sectors such as machinery, energy, shipbuilding, turbine manufacturing, and compressor technology, employing over 100 people prior to the closure.
Eurofound (2026), Sande Stahlguss, Bankruptcy in Germany, factsheet number 204341, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204341.
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...
