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.
Friends Provident, a UK firm that operates in the insurance sector, has announced that it is to cut 600 jobs. It has not been announced by the firm where the job cuts will be implemented as of February 2008, but it seems highly likely that the majority of the job cuts will be implemented in the UK where the firm employs 4,000 at locations in Manchester, Exeter, Dorking and Salisbury. The job losses will be implemented by 2009, and have been attributed by management at the firm to financial difficulties the firm has faced. The job cuts are part of a wider process of streamlining, and follow the firm reporting a 400 million GBP decline in its annual profits. Trade union Unite condemned the job cuts, and stated that it would oppose any compulsory redundancies.
Eurofound (2008), Friends Provident, Internal restructuring in United Kingdom, factsheet number 66266, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66266.
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...
