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 Isle of Wight Council is to cut 205 jobs. The cuts are blamed on the current economic downturn and they were deemed necessary in order to improve efficiency and to avert possible council tax increases. 135 jobs will be lost by the end of 2009 while the remaining 70 jobs will be lost gradually over the next three years.
UPDATE 24.2.11
The Isle of Wight has announced it is to cut 500 jobs after £18m of budget cuts were approved by councillors. The council has approved plans to close 5 libraries and 27public toilets. Initially the council planned to close 9 of the islands libraries but following consultation has decided 4 of these would remain open.
Eurofound (2009), Isle of Wight Council, Internal restructuring in United Kingdom, factsheet number 67930, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67930.
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...
