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.
XL Leisure Group, the UK’s third largest tour operator, has gone into administration and the company’s chairman Phil Wyatt has stated that the jobs of all 1700 UK-based staff are at risk. This will affect staff holding a variety of positions at different sites in the UK, from pilots and cabin crew to call centre staff. Staff at subsidiary company Travel City Direct have already been told to leave the company’s premises and to expect redundancy letters. The administrators, Kroll, have stated that they are attempting to find a buyer for all or part of the business, and the specifics of any rescue package will determine the final number of redundancies and when these will occur.
Eurofound (2008), XL Leisure Group, Closure in United Kingdom, factsheet number 67084, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67084.
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...
