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.
Procurement, HR and finance company Shared Services Connected Ltd. (SSCL) is to close three of its eight sites across the UK by the end of October 2014 with the loss of around 500 jobs. Sites in Sheffield, Leeds and Cardiff are expected to be closed.
Trade unions are being consulted about the closures, and the company hopes to support voluntary redundancy and redeployment where possible. The Public and Commercial Services union (PCS) also states that the company is planning to outsource some work overseas.
SSCL manages civil service back office functions and is a joint venture of Steria and the UK Cabinet Office.
Eurofound (2014), Shared Services Connected, Closure in United Kingdom, factsheet number 76706, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76706.
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...
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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...
