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.
Mackays Stores Limited, the Scottish fashion retailer trading as M&Co., has confirmed that it plans to close 47 of its 265 stores and cut 380 jobs as part of a major restructure after it was bought out of administration. The affected staff include 55 employees in the company’s head offices in London and Glasgow and 325 shop floor staff across the UK.
M&Co. was severely affected by the COVID-19 crisis. The new director said that entering administration and cutting jobs were difficult decisions, however, they ensured that the company has 'a sustainable basis from which to rebuild'.
M&Co. was founded in 1834 and it entered fashion retail in 1961, selling women's, men's, and children's clothes, as well as small homeware items.
Eurofound (2020), Mackays Stores, Closure in United Kingdom, factsheet number 101916, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101916.
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...
