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.
The RSPCA plans to shut 5 of its regional headquarters and 10 call centres, making 350 people redundant. The 5 regional centres to be closed are Manchester, Leicester, Basingstoke, Maidstone and London. The call centre activities are to be outsourced to a private company. The charity has experienced severe financial losses over the past few years; stockmarket falls have wiped off investments, donations have dropped. The restructuring plan should reduce administration costs by £7.6 million over the next 3 years. Unions have long threatened to go on strike. After a 3 month negotiation, a agreement has been reached. Significantly enhanced redundancy payments for the staff have been awarded. The new private company handling the call centre will give priority to applicants coming from the closing existing call centres. The deal also means gains for the workforce on pensions.
Eurofound (2003), RSPCA (Royal Society for the Prevention of Cruelty to Animals), Internal restructuring in United Kingdom, factsheet number 60031, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60031.
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...
