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 BBC, the British public service broadcaster has announced plans to cut jobs at BBC Wales, Scotland and Northern Ireland to save costs in response to the Covid-19 pandemic, making 160 jobs redundant by March 2021. There will be 60 redundancies at BBC Wales, 60 at BBC Scotland and 40 at BBC Northern Ireland.
Directors of BBC Wales, Scotland and Northern Ireland explained that the pandemic had exacerbated the financial difficulties faced by the organisations and the Director General said that £125 million (€ 138 million as at 31July 2020) savings should be made in the 2020/21 financial year.
Representatives of the National Union of Journalists (NUJ) and Bectu, the broadcasting union called on the government to provide additional funding to the BBC.
The BBC is the world's oldest national broadcaster, established in 1927. It has a portfolio of television and radio channels as well as digital services. Its work is funded principally by an annual television licence fee, paid by households and organisations.
Update 18/08/2020:
BBC England has also announced that it will cut 450 jobs, most of them at its regional programmes, including journalists, presenters as well as operations and technical staff. The cuts represent 15% of BBC England’s workforce. The total number of proposed job cuts is now at 610.
Eurofound (2020), BBC, Internal restructuring in United Kingdom, factsheet number 101439, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101439.
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...
