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.
AirBaltic, a Latvian airline, announced that the cut between 500 and 700 jobs across its bases in Latvia, Lithuania, and Estonia. The reductions will affect pilots, cabin crew and other staff at the Riga, Vilnius and Tallinn locations, with decisions expected to be finalized by mid-October 2026.
The cuts are part of a new business plan aimed at strengthening financial stability, streamlining routes and reducing fleet size through an Airbus A220-300 programme and closer ACMI cooperation.
AirBaltic currently employs about 3 000 staff worldwide.
Eurofound (2026), AirBaltic, Internal restructuring in European Union, factsheet number 301242, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301242.
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,...
