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.
Up to 450 jobs could be axed at Norfolk and Norwich University Hospital this year as part of plans to reduce a £14.8m budget deficit. The trust board said a lower than expected national pay deal for NHS [National Health Service] staff had reduced its predicted £22m shortfall for 2006/7 by more than £7m. Managers said savings could be made by cutting pay and costs or reducing staff numbers currently standing at 5,600. The trust's chairman David Prior said he hoped many of the jobs would be lost through natural wastage.
He said: 'No-one in this hospital sits on their backsides doing nothing. We want to keep as many staff as we possibly can.'
In a statement the trust said: 'We believe that if we took no other action to reduce pay and other costs we would need to lose approximately 450 posts during this year. To reduce this number we need to significantly reduce the pay bill. There are a number of ways of doing this including better management of sickness and greater flexibility around rosters, shift patterns and out of hours working for all staff groups.'
Eurofound (2006), Norfolk and Norwich University Hospital Trust, Internal restructuring in United Kingdom, factsheet number 63421, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63421.
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...
