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.
BBC director general Mark Thompson announced new cuts measures. The director general informed staff that an extra £35 million of savings will also be made on top of the £320 million outlined in December 2004. Unions have accused him of a ‘lack of clarity', and want to know if the new cost savings will lead to a further round of job losses. The total number of jobs lost as a result of Mr Thompson's cutbacks is expected to eventually exceed 5,000. In December 2004 firm plans were announced for 2,900 job losses. This new statement indicates that further job cuts will be added to that total. The additional cuts will be announced after they are put before the board of governors for approval in mid-march 2005. They are expected to affect news and sport; factual and learning, drama, entertainment and children's programme making departments. TV and radio output, new media and the staff in the nations and regions will also be affected.
Eurofound (2005), BBC, Internal restructuring in United Kingdom, factsheet number 61252, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61252.
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...
