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 1,100 posts are to be lost at the Mid Yorkshire Hospitals NHS (National Health Service) trust as it attempts to cut its pay bill by £18m, a trust spokesman has announced. The trust, which covers Dewsbury and Wakefield, estimates it will lose the positions over the next five years. The trust spokesman said it could make the savings through natural turnover and spending less on temporary staff. He said redundancies could not be ruled out, but it was hoped they would be kept to a minimum. The trust said it also wanted to reduce the amount spent on equipment while treating more patients in less time. Trust turnaround director Toby Lewis was also keen to stress that the posts could possibly be lost through a process of natural attrition and emphasised that a long term reduction in staffing levels had been announced rather than an immediate series of redundancies.
'We do need to reduce our pay bill by £18m over the next two years. We anticipate being able to achieve this without the need to make large-scale redundancies. However, we have been open that we cannot rule out redundancies at this stage and we are working with staff to keep them to a minimum.'
Eurofound (2006), Mid Yorkshire Hospitals NHS trust, Internal restructuring in United Kingdom, factsheet number 63607, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63607.
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...
