Since the late 2000s, various shocks and crises have put an end to the rapid economic globalisation of previous decades. Trade growth slowed down substantially, merely keeping pace with growth in global production; growth in foreign direct investment even fell below that level. This has led to an attention shift away from efficiency gains offered by global production towards the risks and reconfiguration of it. This has been analyzed almost exclusively based on trade flows. Notwithstanding MNEs account for almost two-thirds of world exports, an investigation of deglobalisation from the perspective of multinational enterprise networks is largely absent. This project builds a large panel of European-based MNEs with detailed micro-level information i) to study how MNEs have shaped deglobalisation; ii) to analyze home-country effects via the size of the domestic network, parents, and affiliates; iii) to analyze how geopolitical turmoil affects MNE restructuring.