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.
450 jobs will be saved in Belfast after the announcement that Capita will take on financial services firm Prudential's call centre in Clarendon Dock, Belfast. Prudential had announced in April that the call centre was to close with the loss of 450 jobs. The staff will also remain on their current terms and conditions. Rosie Harris, chief operating officer at the Prudential, said the announcement was good news for staff.
'What this will mean to staff is that they will be transferred to another large company which has more job opportunities in Northern Ireland than the Pru can offer,' she said.
'They will continue on their existing terms and conditions and they will enjoy the chance to go on to new work. So over all I think it is a very positive message for staff.'
Capita's current operations in Belfast include the provision of support services for the BBC and the Northern Ireland Civil Service.
Eurofound (2006), Prudential, Merger/Acquisition in United Kingdom, factsheet number 63412, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63412.
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...
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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...
