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.
KeyPoint Technologies, a Glasgow firm that plans to set a global standard for next generation of text messaging, is to create 100 high-skilled jobs in Glasgow. The announcement coincided with a visit to the company's Hillington site by First Minister Jack McConnell. Mr McConnell hailed the new jobs as more evidence of a 'reverse brain drain attracting thousands to Scotland'. Mr McConnell said: 'This announcement of the creation of more high-technology jobs here in Scotland is an indication of how we have moved on from the days of reliance of large-scale inward investors who shifted to cheaper locations.'
The firm has expanded from two employees a year ago to thirty today. Firm founder Sanjay Patel created texting software that the firm claims will transform the way texts, emails and documents are written on phones and other mobile communication devices. The software learns vocabulary and context, and is claimed to be able to cut down keystrokes by up to 60%. Thirteen phone companies and PC makers are said to be in talks about the software. The firm has been awarded a 1.3 million GBP government grant to help fund the expansion, and said it had immediate vacancies for software developers, engineers and programmers.
John Falconer, director and co-founder of the company, said: 'These are high value positions that will shape the development of a growing global market in which Scotland has a major presence.'
Eurofound (2006), KeyPoint Technologies, Business expansion in United Kingdom, factsheet number 64413, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64413.
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...
