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.
Insurance firm Scottish Widows has announced the closure of its Chatham operation, threatening 250 jobs. The company, owned by Lloyds TSB, is transferring 75 of the positions based in the Kent town to India. Other employees face being moved to Tonbridge or Edinburgh, or redundancy. The Amicus union said it was deeply concerned at the job losses and did not want to see the organisation disappear in a 'death by a thousand cuts'. Workers leaving the Chatham office on Monday confirmed the news. In a statement, Amicus said it had received an assurance from Scottish Widows that the extension of the company's plan to offshore more work would not lead to any job losses. David Fleming, national secretary, said: 'We are engaging with the company regarding their longer term offshoring strategy.' 'Although there are no compulsory redundancies on this occasion, we want to send a clear message that the union takes a "zero tolerance" approach to compulsory redundancies from offshoring.'
Eurofound (2006), Scottish Widows, Offshoring/Delocalisation in United Kingdom, factsheet number 64166, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64166.
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...
