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.
In April 2006, 260 workers at Blackpool Sports Car Manufacturer TVR were told they were to lose their jobs. The workforce, which had reached almost 1,000 at the peak of TVR's fortunes in the late 1990s, was told of the shutdown not by the company but by union leaders following a meeting with TVR executives. Neither company owner Mr Smolensky, who has persistently refused all interviews since taking over TVR two years ago, nor company spokesmen were available for comment at the time.
However, after talks with Trade Unions, the firm has decided to remain in Lancashire but move to a new site. This has had the effect of possibly saving the threatened positions. The Union is to hold further talks with company management. Andy Robertson, T&G regional industrial organiser, said: 'We're not out of the woods yet but this looks like positive news after a period of gloom.'
Eurofound (2006), TVR, Relocation in United Kingdom, factsheet number 63414, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63414.
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...
