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.
Bank of Ireland is to cut 2,100 jobs in Ireland and the United Kingdom as part of a cost-cutting drive fuelled by increased competition. Ireland's second largest company also said it would listen to offers for its UK retail division Bristol & West. It had received several offers for Bristol & West, which employs 5,000 staff across 97 branches. If BoI does decide to sell the branches, it will raise a question mark over at least another 750 jobs.
The financial union Amicus, which represents 400 BoI workers, condemned the job cuts. Colm Quinlan, an Amicus official, said: "We have assured our members that we will resist in the strongest terms any attempt to sacrifice jobs purely to enhance massive profits; that we will not countenance any proposal that includes compulsory redundancies, and will oppose any proposal to outsource jobs abroad."
Eurofound (2005), Bristol and West, Internal restructuring in United Kingdom, factsheet number 61291, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61291.
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...
