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.
Honda has announced plans to cut 800 jobs in Swindon because of declining demand across Europe. It blamed lowered demand for cars in Europe for its move and stated that demand had declined by one million cars in the past year. The company has entered a 90-day consultation period and aims to avoid forced redundancies.
Honda employs 3,500 people at the Swindon plant. Only last year, it hired an additional 500 people there (see here). There is no indication when the job cuts will be implemented by.
Updated, 03/05/13 Honda stated that the actual number of achieved job losses was smaller than originally announced. There were a total of 592 job losses, 554 implemented via voluntary means and only 38 through compulsory redundancies, which was regarded as a significant development by trade unions. The company also announced that 188 of vacant posts would not be filled as part of the restructuring.
Eurofound (2013), Honda, Internal restructuring in United Kingdom, factsheet number 74758, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74758.
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...
