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.
Workers have voiced shock at Thomson Holidays' decision to close its Glasgow call centre with the loss of 450 jobs. Staff at the site in Cardonald said the move would be a major blow to the local area's economy. The company said the decision was no reflection on staff but was in response to a changing market. Staff were told in a series of briefings that the centre will close on 12 December 2006. The Glasgow call centre is the firm's biggest operation of its kind, dealing mainly in traditional package-style holidays. A company spokesman said staff would be given help to find new posts or retrain. Sales director Derek Jones said the closure had been necessary because the travel market had 'changed beyond recognition' in the past seven years. More people are now choosing to book online rather than by phone. Scottish Socialist Party convener Colin Fox condemned the decision to close the call centre and demanded that Thomson rethink the decision. He said: 'The SSP offers its full support to the workforce in any action it deems necessary to safeguard employment and retraining rights.'
Eurofound (2006), Thomson Holidays, Closure in United Kingdom, factsheet number 63994, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63994.
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...
