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.
ECG Group, which has its headquarters in Blantyre, called in receivers early feruary 2006. As a result a total of 224 jobs are to be lost at a company in Lanarkshire. The remaining 33 members of the workforce in Blantyre will assist the receivers in realising the maximum value from the business and its assets. The firm installs heating and ventilation systems and has carried out contracts in schools and local authority housing.
Joint receiver and head of KPMG Corporate Recovery in Scotland, Blair Nimmo, said: 'a number of problematic contracts where substantial losses were continuing to be incurred, left the directors with no choice but to the request. ECG Group managing director, said the announcement was 'a source of very deep regret for all those associated with ECG'. He added: 'Our priority at this time is to offer support to our staff and it is our earnest hope that our highly skilled and committed workforce will soon be absorbed within an industry sector that is currently limited by a shortage of such experienced personnel.'
Eurofound (2006), ECG Group, Internal restructuring in United Kingdom, factsheet number 62894, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62894.
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...
