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.
On 12 January 2012, the Royal Bank of Scotland, which is majority owned by the British government (83%), announced around 4,800 job cuts worldwide in the framework of a major restructuring of its investment banking arm, and a sell-off of loss-making businesses.
Job losses will affect the investment banking division (3,500 jobs) over three years in the UK and other countries, plus 1,300 jobs will be cut (in particular 600 jobs in the Irish Republic and another 350 in Belfast and other northern UK locations). The losses take the number of staff shed by the bank since 2008 to about 35,000. On April 2009, RBS announced 9,000 job cuts worldwide in a bid to reduce costs and repay government funds (Factsheet 14869).
Eurofound (2012), Royal Bank of Scotland, Internal restructuring in World, factsheet number 72950, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72950.
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...
