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 RSPCA (Royal Society for the Prevention of Cruelty to Animals), the British animal welfare charity, has confirmed that it will cut 269 jobs and close four of its centres in the south of England: two animal hospitals in London and two rehoming centres in Surrey. The cuts are expected to affect frontline workers.
A spokesperson for the charity said they had to 'take action' to save costs and ensure that the organisation is sustainable in the long term. The RSPCA says the COVID-19 crisis had exacerbated the financial problems it was facing and if action was not taken soon, the deficit could reach £47 million (€52 million as at 28 September 2020) over the next three years.
The trade union Unite has criticised the decision and argued that COVID-19 was being used as an 'excuse' for implementing cost-cutting measures which had been planned before the pandemic started.
The RSPCA is the largest animal welfare charity operating in England and Wales. The society was founded almost 200 years ago and it has the Queen among its patrons.
Eurofound (2020), RSPCA, Closure in United Kingdom, factsheet number 101925, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101925.
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...
