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.
At the same time as British Gas announced 2,000 job losses, the company also announced it had recruited 2,500 frontline staff over the past year, with a net 2,000 more due to be taken on in 2005, including 600 to handle customer calls, 400 sales agents and 1,000 engineers.
British Gas said in June it had lost a net 445,000 customers so far in 2005 after raising retail gas prices by 12.4% last September 2004 and, with wholesale gas prices up 60% since February 2005, plans to raise prices again in the autumn. It claims to have reduced net customer losses to 10,000 a week compared with 22,000 earlier this year.
Eurofound (2005), British Gas, Business expansion in United Kingdom, factsheet number 61941, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61941.
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...
