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.
Credit Card firm Barclaycard is to close its Manchester call centre and move some of the work to India, with the loss of 630 jobs, it has announced. The firm's base at Peterloo House will shut in July 2007, with work moved to Mumbai and Delhi and to Teesside. The workers will be paid until October to help them find other work. The union Amicus said the closure was 'totally inappropriate' for such a profitable firm. Staff at the city centre' s Dickinson Street call centre were told about the closure on the morning of 7 March. Antony Jenkins, chief executive of Barclaycard, said: 'Decisions like these are never easy and we will be doing everything we can to support those affected.' Amicus official Steve Pantak said it had voiced its opposition to the moves. He said: 'At a time of increasing pressure on all staff in Barclaycard, we believe it to be totally inappropriate for this large and highly profitable employer to be announcing closures and job losses.' Mr Pantak said 'robust agreements' were in place to help staff find other jobs. The Greater Manchester Chamber of Commerce said the cuts were a huge 'blow' to the city. Dr John Risk, the chamber's principal economic advisor, said: 'Barclaycard is a major employer in the area.' 'The workforce will be understandably shocked by the news. It is vital that they are offered help to find other work.'
Eurofound (2007), Barclaycard, Offshoring/Delocalisation in United Kingdom, factsheet number 65067, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65067.
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...
