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.
Mobile phone company Three Ireland is to cut 150 jobs as it begins a collective redundancy process.
The company said it had previously introduced a range of measures in a bid to reduce operating costs, but the redundancy process is now necessary due to continuing lower profits and rising costs. The collective consultation process began in January of 2024.
The company is Ireland’s largest mobile provider, with 45.5% of market share. Three Ireland currently employs 1,300 workers based in its head office in Dublin as well as a centre in Limerick. At the latter, it had expanded its workforce in 2022 Three Ireland-2022-IE.
Eurofound (2024), Three Ireland, Internal restructuring in Ireland, factsheet number 200829, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200829.
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...
