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.
Drinks manufacturer Bacardi-Martini Ltd has announced plans to cease its Hampshire-based production by the end of the year, cutting jobs. A company spokesman said up to half of the 400 jobs at the bottling plant would be affected. Bacardi-Martini Ltd is planning to relocate its administrative departments to new buildings within the local area. The company plans to outsource its bottling operations. Bosses at the firm have blamed a decline in ready-to-drink or 'alcopop' sales over the last five years. John Beard, CEO of Bacardi-Martini UK, said: 'The change in business conditions, cost competitiveness and economies of scale were significant factors in the decision to prepare to cease bottling operations at the Southampton facility.'
John Speirs, operations director, added: 'Bacardi-Martini is proud to have an outstanding and dedicated work force in Southampton and this action does not reflect on the quality of our operations or the calibre of our people.'
'We thank all our employees for their continued dedication and professionalism - we are now entering a period of consultation.'
Eurofound (2007), Bacardi-Martini Ltd, Outsourcing in United Kingdom, factsheet number 65023, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65023.
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...
