Tracking euro area labour market developments through restructuring announcements

Claudia Foroni and Nikolaos Papadatos

Economic Bulletin Boxes, 2026, vol. 4

Abstract: This box examines whether large-scale restructuring announcements recorded in the European Restructuring Monitor (ERM) compiled by Eurofound contain economically meaningful signals of euro area labour market dynamics. We construct a net job changes indicator, demonstrating that its lagged values contain information on episodes of below-average employment performance ahead of official data releases. While ERM coverage is limited by construction, focusing on large firms and manufacturing-intensive sectors, it captures restructuring events in firms employing between one-third and one-half of the total euro area workforce, making it a timely complement to standard aggregate statistics. JEL Classification: C22, E24

Keywords: European Restructuring Monitor; job creations; job reductions; probability of employment growth (search for similar items in EconPapers)
Date: 2026-06
Note: 3243564
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.ecb.europa.eu//press/economic-bulletin ... 5~a606096644.en.html (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbbox:2026:0004:5

Access Statistics for this article

More articles in Economic Bulletin Boxes from European Central Bank 60640 Frankfurt am Main, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Official Publications ().