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.
Marks and Spencer has announced that it is taking on 4,000 customer assistants throughout the UK. The company said sales growth remained "encouraging" despite tough trading conditions. Retail director Anthony Thompson said 'stores getting busier' had meant a 'big increase in workload'. The company promised that its new recruits would be fully trained and would receive a 'good salary and benefits package'. No date has yet been announced for when the new staff will be recruited. Marks and Spencer is two years into a three-year recovery scheme. A key reason for the recruitment drive is the growing number of its Simply Food stores, following its acquisition of 28 outlets from retailer Iceland for 38 million GBP announced in January. The jobs boost was announced on Tuesday by the retailer as it published a trading update which revealed overall sales were up by 10.4%, with food sales increasing by 9.2% and general merchandise rising 11.7%.
Eurofound (2006), Marks and Spencer, Business expansion in United Kingdom, factsheet number 63777, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63777.
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...
