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.
South Yorkshire's steel industry suffered blow with the announcement that Corus plans to make more than half the workforce redundant at its Narrow Strip business, based in Brinsworth, near Rotherham. The Anglo-Dutch company plans to cut 155 out of 305 jobs at the site which has struggled to compete with low cost rivals. Corus said it was closing the cold-rolled steel mill on the Brinsworth site because it was expected to remain loss-making. The mill produced narrow strips of steel for the automotive, engineering and building industries. The company said the hot-rolling business on the site which produces specialist stainless steel will continue with the number of weekly shifts cut from 10 to five.
Trevor Underwood, of the steel union Community, said: 'We didn't expect to be hearing about job losses on this scale. People are shocked and distressed. We are going to have discussions to see if we can move forward without job losses.'
Eurofound (2006), Corus, Closure in United Kingdom, factsheet number 62960, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62960.
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...
