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.
The Mortgage Business (TMB) an arm of HBOS, is to close to new custom on 22nd August 2008, and its processing centre will be shut with the loss of 325 jobs by the end of 2009. The announcement follows a massive drop in pre tax profits and was said to be an attempt to streamline the business. HBOS has announced that it hopes to achieve the job losses by natural turnover and voluntary redundancy. Unite and Accord, the unions represented at the site, have described the job cuts as a blow but recognised the commercial logic for the changes.
Eurofound (2008), The Mortgage Business (TMB), Closure in United Kingdom, factsheet number 66960, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66960.
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...
