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.
Bridges Motor Group, a firm that retails motor vehicles, has announced the closure of four sites in Cirencester, Newbury and Reading with the loss of 116 jobs. The announcement of the job losses follows the firm entering administration. The firm operates two sites in Cirencester and one each in Newbury and Reading. KPMG, the administrators of the firm, attributed the bankruptcy of the firm to adverse trading conditions within the automotive retail sector. As of June 2008, there is no information on when the job losses will be implemented by. Bridges Motor Group employs 139 in the UK. 23 staff, based at the firm's head office in Cirencester, will be retained to aid the firm's administrators. As of June 2008, it is unclear what will happen to the 23 remaining staff in the long term.
Eurofound (2008), Bridges Motor Group, Bankruptcy in United Kingdom, factsheet number 66718, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66718.
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...
