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.
LGH Hotels Management, the British company that focuses on managing mid and upscale hotels in England and Scotland announced that 1,500 jobs were at risk of redundancy as LGH continued to run hotels on ‘skeleton staff’ in response to the COVID-19 pandemic.
LGH’s chief executive said the company was 'reviewing all options' to ensure that the company was sustainable in the future.
A representative of the trade union Unite said they would put forward alternatives to compulsory redundancies and warned LGH that mass redundancies could bring reputational damage.
LGH Hotels was founded in 2018 and it manages 55 hotels under the brands Hallmark Hotels, Crowne Plaza, Holiday Inn and Hilton, employing 2,500 people.
Eurofound (2020), LGH Hotels Management , Internal restructuring in United Kingdom, factsheet number 101907, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101907.
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...
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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...
