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.
Birmingham Midshires is to close the majority of its branches and see its name disappear from the High Street. When Halifax bought the chain in 1999 it had 113 branches, of the 67 remaining Birmingham Midshires branches, 48 are to be closed by March 2006 and the other 19 are to rebranded Halifax. The bank insisted that the 470 full and part-time staff affected by the decision would be offered an alternative job either at Birmingham Midshires or at Halifax. However, union officials said they believed a high proportion of those affected may not want the changes and will seek voluntary redundancy. Gwyn Bates, Amicus national officer, said: 'This is devastating news for staff and represents a further reduction in choice for the consumer. The union has worked with the company to ensure there will be no compulsory redundancies.'
Eurofound (2005), Birmingham Midshires, Merger/Acquisition in United Kingdom, factsheet number 62243, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62243.
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...
