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.
Hundreds of jobs are to go at NHS hospitals in Worcestershire. The 720 positions are being axed in an attempt to balance the books at Worcestershire Acute Hospitals NHS Trust, which needs to save £30m. One in seven staff at the county's three hospitals will be lost. Trust chairman Michael O'Riordan said: 'It looks as if we have ended 2005/6 with an overspend of around £5.5m which is very disappointing.But far more serious is a massive and unprecedented shortfall between what we expect to get paid in 2006/7 and what we know it would cost us to provide our services in the way we currently do.'
The job losses proposal is subject to consultation with staff and is expected to save the trust about £8m this financial year and £16m in the next one, starting April 2007.
Eurofound (2006), Worcester Acute Hospitals NHS Trust, Internal restructuring in United Kingdom, factsheet number 63301, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63301.
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...
