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.
ABN Amro ranks seventh in Europe and fourteenth in the world based on total assets, with over 3,400 branches in more than 60 countries, a staff of 110,000 full-time equivalents (2001 figures).
November 2002: ABN Amro could accelerate the shrinkage of its wholesale banking unit by cutting a further 2,500 jobs. About 500 jobs will go through natural attrition and the rest are expected to come from the outsourcing of its back-office services to EDS. The bank employs about 21,000 workers in its wholesale operations and has reduced its headcount by 1,900 this year.
The big scale restructuring programme started in 2001 should lead to the cutting of approximately 6700 jobs until the end of 2004.
Eurofound (2002), ABN Amro, Internal restructuring in World, factsheet number 59956, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59956.
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...
