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 financial services company specialising in pension and life products, is to close down one of its two sites in Manchester. The company has not specified yet the exact number of jobs to be lost but it has announced that the losses will be implemented by December 2009. According to the Unite union, there would be about 280 job cuts while some of the jobs might be transferred to the company's smaller Manchester site. The affected posts include customer services, IT and other head office functions. The total number of employees at both sites is 465. As of November 2008 there is no information on the exact number of job losses and on the number of jobs potentially transferred to other head office operations.
Eurofound (2008), Friends Provident, Closure in United Kingdom, factsheet number 67378, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67378.
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...
