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 largest technology company in the world Hewlett-Packard has announced that there will be between 700 - 800 job cuts at its manufacturing plant in Erskine, near Glasgow, Scotland. The company, which currently employs 1300 people at the site, the majority of whom are agency workers, plans to relocate production to a partner organisation in the Czech Republic in 2010; the downturn in the European technology market was blamed. The plans were submitted to the European Works Council, and consultation regarding the job losses will begin in the latter part of June 2009. Local MP Jim Sheridan said 'It is disgusting. These workers are being tossed aside after helping to make vast profits for Hewlett. After meeting with management and staff, Finance secretary John Swinney confirmed that the company will 'cooperate in efforts to help find new job or retraining opportunities for staff affected'. The UK government has also offered to discuss possible ways of supporting the company's Scottish operations. This news follows closely on from the loss of 153 jobs in January of this year.
For further information, see the EIRO report.
Eurofound (2009), Hewlett-Packard, Offshoring/Delocalisation in United Kingdom, factsheet number 69029, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69029.
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...
