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.
Roy Lowe & Sons is a family-owned company established in 1996 in UK where the company produced socks until 2006. At that time, it decided to offshore and outsource production activities in China, Turkey and India to reduce production costs. In 2013, the company launched a new brand (SockMine) for its lines of technical, sport specific, leisure and work-wear socks; moreover, it decided to leverage on the "Made in UK" label. Therefore, it restarted production activities in its old plant in Sutton in Ashfield. Between 2013 and 2017, the company reshored around 10% of its entire production. Higher product quality, reduction in delivery time, better protection of innovation, and co-location of R&D and production activities were the main reasons for reshoring.
Eurofound (2017), The Sockmine, Reshoring in United Kingdom, factsheet number 38, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/38.
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...
