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.
After rumours of Barclays outsourcing 1,000 call centre jobs to India in December 2003, a deal has been reached with unions (Unifi). 500 jobs have been created in India, affecting 250 roles in the UK, resulting in 40 dismissals and 210 employees being redeployed. The deal includes : £2,000 of free career retraining for employees whose jobs are sent offshore, voluntary severance to staff working within 55 miles of an operation being offshored (the bank is to avoid compulsory job cuts if possible), six months full pay for staff whose jobs are to be outsourced, a five-man ‘human resources redeployment team' to organise voluntary redundancies costing £250,000 a year. Unions hope this deal could be inspirational to other UK banks who have recently announced major job losses due to outsourcing (HSBC, Lloyds TSB).
Eurofound (2004), Barclays, Offshoring/Delocalisation in United Kingdom, factsheet number 59287, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59287.
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...
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