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.
Mobile phone operator, O2, is embarking on a process to potentially outsource its technology function, which could affect 450 staff. The company is in the early stages of the process, but it is expected that a preferred bidder will be selected by early autumn. Originally part of Esat Telecom, O2 Ireland was acquired by Spanish firm Telefonica in 2006. A spokesman issued the following statement, "Following a strategic review of the business, O2 Ireland has decided to explore the possibility of outsourcing its technology function and will soon issue a request for proposal to a number of potential suppliers". "It is important to point out that, should O2 go ahead with outsourcing, all roles concerned would transfer to the selected partner in line with TUPE legislation (Transfer of Undertakings, Protection of Employment Regulations). It is understood that Ericsson, Nokia, Accenture, IBM and Fujitsu are the shortlisted suppliers.
Eurofound (2007), O2, Outsourcing in Ireland, factsheet number 65433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65433.
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...
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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...
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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...
