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.
PGL Travel, the British travel agency that organises school trips, summer camps and adventure holidays for school groups has announced that it will cut 670 jobs, a quarter of its workforce, at its activity centres across the UK and its offices in Blackpool, Ross-on-Wye and Hertfordshire.
A statement by the company said the COVID-19 pandemic had a negative impact on its business, because it had closed its residential centres when restrictions on travel were introduced and schools were closed.
PGL Travel owns residential centres in the UK and France and employs over 3,000 people.
Eurofound (2020), PGL Travel, Internal restructuring in United Kingdom, factsheet number 102188, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102188.
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...
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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...
