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.
Volvo Cars, a Swedish automotive manufacturer, announced it is planning to cut 2,500 jobs worldwide, including around 2,000 in Sweden. The cuts are part of a SEK 5 billion cost-saving programme aimed at addressing financial pressures and improving competitiveness.
The dismissals will mainly be realised through ending consultancy contracts, natural attrition and targeted severance packages.
The company points to weak sales in China, where quarterly sales fell by 50%, as well as the impact of US tariffs. Volvo Cars also plans to reduce its number of factories worldwide, from seven to five. The Swedish trade union, Unionen, has expressed concern, although it is not yet clear which parts of the organisation will be most affected.
The company has undergone several internal restructurings and closures in recent years. The most recent ones in Sweden in November 2025 Volvo 2025 - SE, and in May 2025 Volvo Cars 2025 - SE. In May 2025, it also announced a plan to cut thousands of manufacturing jobs worldwide Volvo Cars 2025 - WO.
Eurofound (2026), Volvo Cars, Internal restructuring in Sweden, factsheet number 301354, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/301354.
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,...
