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.
High street bakery chain Greggs have announced that they are to cut 200 jobs. The firm, that employs 19,000 in the UK, made the announcement as it reported a 20% drop in profit. Pre-tax profits fell to £12.5m in the six months to June 17 from £15.6m a year earlier. Greggs blamed sweltering weather for hitting sales in the last two weeks of the period, although like-for-like sales were up 3.1% overall, rising to £243.1m. With profits down, Greggs has decided to close 14 Bakers Oven shops in northern England because of the "unsatisfactory performance" of the division in both the north and Scotland over recent years. The company plans to transfer 49 of the 63 Bakers Oven shops in the two regions to its divisions in the north-east, Yorkshire and Scotland. The shops will be rebranded as Greggs, and the costs of the closures are expected to reach £2.5m.
Eurofound (2006), Greggs, Relocation in United Kingdom, factsheet number 63861, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63861.
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...
