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.
British Airways announced a new cost-cutting programme after the one started 2 years ago that saw its 58,000 strong workforce trimmed by 13,000. The airline said it wanted to reduce employee costs in its head office (in Waterside, near Heathrow) and support functions by 30% and in operational areas by 15%. The job cuts will be achieved by voluntary severance, early retirements, natural turnover and restricted recruitment as well as unpaid leave and part-time working. BA loses around 3,000 staff a year through natural wastage. Unions threatened industrial action after BA's CEO declared he hoped to find the bulk of the savings through flexible working practices and by cracking down on unjustified sickness leave. They also pointed out — joining in that Heathrow's local MP — that the company made a £135 million profit last year and that this round of redundancies was no longer necessary. Evidence in July 2004 indicates that staff from minority backgrounds have suffered disproportionately from the 13,000 job cuts as their representation fell 1.1% down to 31.9%.
Eurofound (2004), British Airways (BA), Internal restructuring in United Kingdom, factsheet number 59570, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59570.
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...
