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.
Tata Steel has announced plans to cut 886 jobs across the UK. 584 jobs will go in South Wales, 155 in Yorkshire, 117 in the West Midlands and 30 at Teeside.
Most of the cuts in South Wales will affect managerial and administrative positions in Port Talbot, while sites in Crosskeys and Blaenau Gwent will close. Shift levels at the company's Rotherham and Hartlepool plants will be reduced in order to match production to lower demand for bar products and pipelines.
The company said it aimed at reducing the impact of the restructuring on staff and implementing most of the cuts through voluntary redundancies.
The company will also create 120 jobs at a new hot strip rolling mill at Llanwern.
Eurofound (2012), Tata Steel, Internal restructuring in United Kingdom, factsheet number 74577, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74577.
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...
