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.
Cumbrian Seafoods, a firm that produces and processes seafood, has announced that it is to open a new site in County Durham, with the creation of around 300 jobs. The firm said it looked at 19 different locations in the North before choosing Seaham for its expansion. A company spokesman said the new plant, near the depots of two of its main customers, would process shellfish. The Seaham plant is due to open on 13 August and the firm has begun a recruitment campaign. Peter Vassallo, head of the company, said: 'We looked at 19 sites between Doncaster and Amble and chose Seaham for its geographical location, being close to the depots of two leading customers, and the availability of labour.' 'We will be creating a new centre of excellence within the company.' Mr Vassallo said the new plant was environmentally friendly with freezers running on ammonia to reduce emissions. The 10 million GBP investment at Seaham is being backed by One NorthEast.
Eurofound (2007), Cumbrian Seafoods, Business expansion in United Kingdom, factsheet number 65580, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65580.
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...
