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.
A global financial services firm is to expand its Glasgow operation and create 500 jobs over three years. Barclays Wealth said it is undergoing rapid expansion and is to open its fifth city office in the International Financial Services District. The firm has been based in Glasgow since 1986 and has 1,200 employees.
Frank McGarahan, chief operating officer, said: 'Barclays Wealth has had a strong presence in Glasgow. We are delighted to build on this success.' Mr McGarahan said Glasgow was extremely accessible with a high quality, highly educated workforce. The Scottish Executive provided 4.2 million GBP to fund the expansion.
Deputy First Minister Nicol Stephen said: 'The creation of these new jobs presents hundreds of people with the opportunity to work in a quality customer relations management capacity.'
Eurofound (2006), Barclays Wealth, Business expansion in United Kingdom, factsheet number 64482, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64482.
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...
