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.
The Finnish manufacturer of batteries for the automotive industry, Ioncor, has announced the need for internal restructuring due to a decrease in order volumes as a result of declining demand for cars.
The company has initiated cooperation negotiations that can lead to the dismissal of 145 employees. Redundancies will concern the company's factories in Salo and Uusikaupunki in southern Finland. Additionally, restructuring will affect support functions across different locations in the country. Measures include changes to job descriptions, relocations, and dismissals.
Ioncor has around 1,100 employees in total at six locations in Finland and Germany. Around 500 employees work in the Salo factory and slightly below 200 in Uusikaupunki.
The company carried out layoffs most recently in February 2025 Ioncor 2025 - FI.
Eurofound (2026), Ioncor, Internal restructuring in Finland, factsheet number 204540, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/204540.
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...
