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.
Battery manufacturer Duracell has announced that it is to close its plant in Wrexham, North Wales with the loss of 109 jobs. The company, which employs 109 staff on site, manufactures batteries for hearing aids. It plans to transfer the work to a new partner company. A spokesman said it would work closely with affected employees over the closure. Duracell said in a statement:
'After careful consideration, it has been decided that the best strategy for continued success in the hearing aid market is for Duracell to partner with a qualified third party for manufacturing.'
'This approach will enable the company to more quickly and efficiently deliver a broader and deeper range of batteries for hearing impaired consumers.'
The firm said it would 'work closely' with workers at the plant in Ash Road on the Wrexham industrial estate 'to support and help prepare them for the transition ahead.' The factory is expected to completely close by the end of summer 2007.
Eurofound (2006), Duracell, Outsourcing in United Kingdom, factsheet number 64126, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64126.
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...
