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 Royal Bank of Scotland, an Edinburgh-headquartered bank, is moving around 300 jobs from UK to India. The offshoring concerns 215 full-time staff and 83 temporary positions mainly in the finance departments. A timeline for the move has yet to be announced.
The trade union Unite has criticized the move arguing that RBS should reduce bankers bonuses rather than cutting staff. The company has said it will do all it can to support staff including offering redeployment opportunities where possible.
Since 2008 the bank has cut 35,000 jobs and has announced 4 consecutive years of losses. For past restructuring rounds see e.g. Fact sheets 19645, 18285 and 14869.
Eurofound (2012), Royal Bank of Scotland, Offshoring/Delocalisation in United Kingdom, factsheet number 73221, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73221.
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...
