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 Dutch owner of Newey & Eyre, the electrical wholesaling business, is to close the firm's distribution centre at Runcorn, Cheshire, putting 500 jobs under threat. Hagemeyer, the Dutch parent, confirmed last night it would replace the site with a series of regional warehouses as part of moves to revitalise its British arm. It made the change after the national warehouse at Runcorn failed to meet expectations and required temporary staff to ensure customer service levels at Newey & Eyre were met.
The group, which distributes electrical, safety and maintenance equipment to business customers, is hoping to return to the black after it made losses of €164 million (£114 million) in 2004. Hagemeyer, which employs 4,500 people in Britain, said it hoped the new logistics arrangements would enable it to better serve Newey & Eyre's 175 branches, including numerous outlets in the North West.
Eurofound (2005), Newey and Eyre, Closure in United Kingdom, factsheet number 61160, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61160.
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...
