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.
Reuters is to cut up to 100 jobs from news bureaux around the world as it expands its editorial operations in China and India. The financial information group said about 4% of its 2,300 editorial staff would be affected as it moves into the final year of a £440 million restructuring programme. The hiring of journalists in China and India would make good most of the losses, leaving the group with ‘roughly' the same number of editorial staff at the end of 2005, Mr. Schlesinger added. The news operation in Bangalore opened this year, with 20 journalists covering 2,000 small to medium-sized companies listed in the US. Reuters' operating costs in Bangalore are 60% less than in London and New York, with journalists there earning 75% less than their counterparts in the UK and the US. Bangalore already houses the group's data unit, employing a 300-strong workforce which is expected to double in size next year. Mr. Schlesinger said the Bangalore newsroom would grow in 2005: ‘We are looking to significantly ramp up the editorial operation in Bangalore so there will be a lot of hiring in the coming year.'
Eurofound (2004), Reuters, Offshoring/Delocalisation in World, factsheet number 60868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60868.
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...
