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.
800 people accross the UK are set to be made redundant from CD and DVD retailer Music Zone. Administrator Deloitte announced that it had failed to find a buyer for the struggling business and, as a result, it had ceased trading. Music Zone had been struggling against competition from online retailers and supermarkets and went into administration on 3 January 2007. The Stockport-based chain has 104 stores across the UK. Music Zone was bought in a 12 million GBP management buy-out in 2005, backed by private equity firm Lloyds Development Capital. Administrators had said they hoped to find someone to run the company as a going concern, but ran out of time to find a buyer.
In a statement, Deloitte said: 'Whilst discussions continue as regards the business, trading has ceased at this time as there is no certainty that any sale can be achieved.'
Eurofound (2007), Music Zone, Closure in United Kingdom, factsheet number 64851, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64851.
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...
