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.
200 workers at a frozen cake factory have lost their jobs after the firm went into administration.
Staff at Bonne Bouche Limited, on the Oaksway Industrial Estate in Hartlepool, were sent home on Thursday. The company saved the factory two years ago when the previous owner, Hibernia, went into receivership. But now it has been wound-up due to shortage of orders. Union chiefs said workers have been told they will not get outstanding wages. Mark Firmin, of Administrator KPMG Restructuring, said the firm was hopeful of finding a buyer: 'A shortage of working capital means Bonne Bouche is unable to continue trading.'
'This business has encountered difficulties in the past and struggled to make a profit due to tough trading conditions in a competitive environment.'
Alan Milne of the Bakers, Food and Allied Workers Union, said: 'The workers are furious and disappointed they will not be getting a pay cheque.'
Hartlepool MP Iain Wright said the news was a devastating blow.
He said: 'The loss of 300 jobs in any community is devastating - but that is especially true in Hartlepool where people struggle at times.'
Eurofound (2007), Bonne Bouche Limited, Closure in United Kingdom, factsheet number 64899, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64899.
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...
