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.
An Indian company is to create more than 600 jobs at a new call centre in Northern Ireland, Prime Minister Tony Blair has announced. About 400 of the posts at IT company HCL will be based in Armagh. Earlier in 2005, HCL acquired Portadown-based company Answercall Direct, safeguarding 140 jobs. Northern Ireland Secretary Peter Hain said the news was a credit to the 'quality of the workforce' in Northern Ireland. 'This expansion, supported by Invest Northern Ireland, will create at least 400 new jobs in Armagh with the balance at Armagh or Belfast depending on operational requirements,' he said. HCL chairman Shiv Nadar said: 'We invested in Northern Ireland with our partners BT Plc in 2001 in an act of faith, backing our instincts and strategy, and that of our partner.' Invest Northern Ireland has offered £4.68 million to support the creation of the 600 new jobs.
Eurofound (2005), HCL Technologies, Business expansion in United Kingdom, factsheet number 62238, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62238.
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...
