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.
Lloyds Banking Group is to cut 835 jobs across the UK by the end of 2010. The cuts follow the bank's takeover by HBOS in September 2009. 625 jobs cuts which were announced on 19 May 2009 are blamed on the merging of its corporate and small lending business units, while the remaining 210 announced on 21 May 2009 are due to combining the digital banking services of Lloyds TSB and HBOS. Trade unions accuse management of not being clear about their restructuring plans and that they announce new jobs cuts every week instead.
Lloyds had previously announced other job cuts (see factsheet).
Eurofound (2009), Lloyds, Merger/Acquisition in United Kingdom, factsheet number 68975, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68975.
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...
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