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.
The South Shields-based Circatex that makes printed circuit boards has called in administrators placing the future of 200 jobs in doubt. At one point the plant employed more than 1,400 people when it was established by then American owners Viasystems in 1999. Pressure from far East competitors and increasing energy costs have plunged the company into crisis. Joint administrators Hunter Kelly and Charles King of Ernst & Young were appointed at the request of the directors and as a result of cash pressure from trading losses in 2005. The company has evolved from a series of predecessor businesses including Plessey, Interconnection Systems, Viasystems and, more recently, Circatex Limited.
Eurofound (2006), Circatex, Closure in United Kingdom, factsheet number 62799, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62799.
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...
