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.
Arcadia, the British fashion retail group, has announced that 31 of its stores across the UK will close permanently by the end of January, making 714 jobs redundant. The stores, which include all 21 stores of the group's Outfit chain, are currently temporarily closed because of the COVID-19 restrictions.
The Arcadia group, which owns fashion retail chains such as Topshop, Miss Selfridge, Wallis, Burton and Dorothy Perkins, and has over 400 stores, fell into administration in November 2020, putting 13,000 jobs at risk of redundancy. The administrators are currently seeking buyers for parts or all of the group.
Updated, 8/2/2021: Asos, the British online retailer, has acquired the Topshop, Topman, Miss Selfridge and HIIT brands from the Arcadia Group without acquiring the physical stores. It is expected that 70 stores will close permanently with the loss of 2,500 store-based jobs. About 300 head office jobs in the business areas of design, buying and retail partnership will be saved. A representative of the trade union Usdaw said that both Arcadia and the administrators had 'refused to engage' in negotiations with the union.
Updated, 9/2/2021: The administrators of the Arcadia Group have announced that the online retailer Boohoo had acquired the Burton, Dorothy Perkins and Wallis brands without acquiring the physical stores. It is confirmed that all 214 stores of the three chains will close permanently with the loss of 2,450 jobs, while 260 jobs will be transferred to Boohoo.
Eurofound (2021), Arcadia Group, Bankruptcy in United Kingdom, factsheet number 103503, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/103503.
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...
