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.
Cemex, the new Mexican owner of RMC is to cut 750 British jobs in order to lower its costs - more than a tenth of the total workforce. A spokeswoman at RMC's, formerly known as Ready Mixed Concrete said 'It's no secret that the business has been underperforming. All aspects have been under review since it was taken over in March 2005'. RMC has been hit by a slowdown in road building which has led to overcapacity in the sector. It cut 520 jobs in 2003 as part of a corporate restructuring. RMC's overseas operations had been heavily hit by weakness in the German economy and has cut up to 5,000 staff in recent years. The company employs more than 20,000 people outside Britain. News of the Cemex takeover led to staff fears that work might be outsourced to low-cost sites in Mexico, but RMC said the cuts were not about outsourcing and its Tyneside call centre would not be affected.
Eurofound (2005), RCM, Internal restructuring in United Kingdom, factsheet number 61778, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61778.
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...
