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.
Openreach, the British telecommunications company, has announced that it will create 2,552 new engineering jobs in its service and network build divisions across the UK by the end of 2021.
The roles are being created as part of a project that aims to build a ‘full-fibre’ internet network in the UK, including towns and villages in remote areas, with an investment of GBP 12 billion (€13.2 billion as at 30 December 2020). The COVID-19 pandemic has accelerated the project, as fast internet connection would enable more people to work from home.
Openreach is a division of British Telecom which controls most of the UK’s broadband network and employs around 35,000 people. In addition to the jobs at Openreach, further 2,800 roles will be created at its subcontractors, such as Instalcom, John Henry Group, Kelly Group, Kier, KN, MJ Quinn, Morrison Telecom Services, NMCN and Telent.
Eurofound (2020), Openreach, Business expansion in United Kingdom, factsheet number 102947, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102947.
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...
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