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.
Aircraft firm General Electric Aviation has announced that 173 jobs are at risk. The proposed cuts which would affect the aircraft engine servicing plant in Prestwick, Scotland are as a result of work being moved from GE Caledonian to Evergreen Aviation Technologies which is based in Taiwan (joint venture). If the planned cuts are made, this will reduce the size of the workforce to 500; four years ago the site employed 800.
The company announced the proposed measures to workers on 8th May 2014 and noted that the move was necessary in order to remain competitive. General Electric also noted that there would be a formal consultation lasting a minimum of 45 days before reaching a final decision. The Unite union has commented that it is committed to minimising the impact of these proposals and will be trying to make the case for retaining as many jobs as possible at the Prestwick site.
Eurofound (2014), General Electric Caledonian, Offshoring/Delocalisation in United Kingdom, factsheet number 77093, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77093.
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...
