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.
Pfizer the American international drugs firm is to cut 110 jobs from its research and development plant in Kent, it announced on Friday 22 July 2005. However the firm said the job cuts would be offset by an almost identical number of jobs being moved to the plant. The factory employs 3,600 staff and 400 job cuts in manufacturing at the site had already been announced earlier in 2005. The latest cuts come as part of a global business review, aimed at saving $4 billion. The current 'Adapting To Scale' job cutting exercise follows the company's takeover of rival drug companies Pharmacia and Warner Lambert in 2002. A spokesman for the firm said: 'The site is now recognised as being efficient and effective and its record is that it is the greatest drug discovery team in the entire world, so it's obviously of great value to Pfizer.'
Eurofound (2005), Pfizer, Internal restructuring in United Kingdom, factsheet number 61964, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61964.
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...
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