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.
Ulster Bank has announced that up to 750 staff are to be made redundant across Ireland. The bank wants 550 redundancies in the Republic of Ireland, and a further 200 in Northern Ireland. The redundancies will be 'voluntary', and bank management are in negotiations with trade unions on an appropriate severance agreement. Furthermore, Ulster Bank's operations in First Active are to cease, and First Active will be merged into Ulster Bank. This will result in the closure of 45 First Active branches and the other 15 will be incorporated into Ulster Bank. Significantly, the redundancies amount to more than 10 per cent of the 7,000 staff employed at Ulster Bank and First Active, which are owned by UK bank Royal Bank of Scotland (RBS).
Eurofound (2009), Ulster Bank, Internal restructuring in Ireland, factsheet number 68004, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68004.
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...
