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.
Serco, a private firm that runs the immigration centre Yarl's Wood, have announced plans to make between 100 and 185 redundancies at the centre. Yarl's Wood, which opened in 2001, holds immigrants who are waiting to be deported or are having their case considered. The GMB union said it had been told of proposals to cut the 339-strong workforce at the Bedfordshire site by half, and vowed to oppose any redundancies. GMB national officer Paul Campbell said: 'We will totally oppose any reduction in manning levels and have given a deadline for these proposals to be withdrawn.' A Serco spokesperson said: 'We have begun a consultation with staff on proposed changes to work practices. That sets out the need for more flexible working practices and greater efficiency.' 'We have said that this will lead to some redundancies. The number is yet to be finalised and will depend on the consultation with staff, but we have said that there will probably be more than 100 and could be as many as 185.'
Eurofound (2007), Serco, Internal restructuring in United Kingdom, factsheet number 65311, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65311.
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...
