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.
Lancashire-based healthcare provider Abacus Care has closed leading to the loss of all 152 jobs. According to the sources, Abacus Care Home Care and Nursing Services (ACHCNS) based in Ormskirk and its sister company Abacus Care supplied nurses and healthcare assistants to various healthcare providers as well as to individuals in their own homes and had operated for over 20 years. The sources report that the company said increasing regulation of the sector as well as competition in the market led to its closure. Administrators had been called in on 24th April 2014 with the decision to close coming shortly afterwards.
Eurofound (2014), Abacus Care, Closure in United Kingdom, factsheet number 77117, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77117.
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...
