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.
MyTravel is to cut up to 540 jobs in an attempt to reduce costs, the company announced on 2 July 2004. The decision will affect pilots and cabin crew, and redundancies are expected to take place from November 2004. The firm is reducing its fleet of aircraft by nine, leaving it with 21 planes. MyTravel has been making losses over the past 18 months and the company said it is trying to get back into profitability by 2005. As part of a so-called turnaround plan, the company said it was trying to reduce the proportion of fixed costs. ‘We have to make sure we have a realistic size of fleet for the marketplace', said a spokeswoman. Workers were told about the job losses - which will account for about 24% of the company's employees.
Eurofound (2004), MyTravel, Internal restructuring in United Kingdom, factsheet number 61807, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61807.
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...
