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.
Arms manufacturer BAE Systems has said around 950 new staff could be recruited to help deal with its rising workload. The group has had to take on an extra 300 staff after landing a £6bn deal to supply 72 Eurofighter Typhoon jets to Saudi Arabia. Before winning the contract, BAE had expected to take on 650 specialist staff to deal with its current work. BAE plans to employ the new staff at its Lancashire plants in Warton and Samlesbury by 2007. The new posts will be specialist ones covering areas including avionics, structural engineers, software engineers and overall business management. Some of the recruits are expected to come through the company's graduate training schemes but most will be skilled and experienced aerospace engineers. The contract for the planes, brokered between the Saudi government and the Ministry of Defence, was agreed last month.
Eurofound (2006), BAE Systems, Business expansion in United Kingdom, factsheet number 64128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64128.
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...
