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.
Marine and engineering services firm C and M Group has announced that it will create 240 jobs in the U.S and the U.K. 100 jobs will be created in Aberdeen, Scotland, whilst 140 will be created in the U.S. The move follows a management-led buy-out and restructuring. C and M, which aims to become a major global engineering company, has invested in a 14,000-tonne ice-breaker. Re-named the Ice Maiden, she is currently being converted into a multi-purpose support vessel capable of operating anywhere in the world. More than 60 of the new jobs will be for experienced marine crew for the Ice Maiden. C and M currently employs about 80 people in the UK and 60 in the US.
David Kellas, C and M's operations director, admitted that their recruitment drive would not be easy.
He said: 'With an extremely tight labour market, we know that finding experienced people will be very challenging.'
'Nevertheless, we believe that C and M offers a unique proposition being a small, dynamic but rapidly-expanding company.'
Eurofound (2007), C and M Group, Business expansion in World, factsheet number 64902, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64902.
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...
