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.
Barclays Bank is to move its in-house technical support centre from Cheshire to India, in a move which could see 140 staff lose their jobs. At present if staff have technical problems, they contact the company's Servicepoint help centre, in Knutsford. In October 2004, Barclays set up a joint venture with Indian firm HDFC to create a company in Mumbai called Intelenet, which will now deal with problems. The company said that whilst it 'cannot provide new jobs for everyone, there will also be the opportunity for people to go to India to help training staff there.' The Amicus union said the business case for moving jobs offshore was weakening. 'There is growing evidence that the case for offshoring has failed', said a spokesman for the union, which has been at the forefront of campaigns to prevent more finance jobs being moved to India.
Eurofound (2005), Barclays, Offshoring/Delocalisation in United Kingdom, factsheet number 61937, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61937.
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...
