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.
Cross-Channel ferry operator Hoverspeed is to end its service from Dover to Calais, resulting in the loss of "many" of its 162 jobs. The company, which is owned by Sea Containers, said it could no longer sustain losses on the English Channel. Despite crossings increasing by 17% this year, it said there remained surplus capacity on the route. Hoverspeed runs two Seacat fast ferries between Dover and Calais, employing 102 staff in Kent and about 60 in Europe. The company said a 'dramatic' increase in the price of fuel - up 54% from last year - was also a factor in its decision. The company said it would retain some staff to maintain the Seacat vessels until a decision is made on their future deployment. 'We shall be looking at various options as to how we may assist those employees who may now face redundancy,' the spokesman said.
Eurofound (2005), Hoverspeed, Closure in European Union, factsheet number 62485, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62485.
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...
