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.
New entrant into the UK retail banking sector, Atom will create 140 new jobs by the middle of 2015. The bank has plans to expand and to create up to 400 jobs. The bank will offer customers a range of personal and business banking products. It will operate entirely as a digital bank, meaning there will be no branches with all banking to be done by customers using their smartphones or computers. Atom currently has a management team of around twenty and the announcement of the creation of the new jobs follows a decision by the management to locate the head office in Durham.
Locating the business in Durham was chosen ahead of five other potential locations across the north-east of England. Durham was chosen because of its location on the rail network, being home to a high-ranking university and the city's reputation for being a good place to work and live. The bank has received support from the Durham County Council, including the Council vacating the premises where the bank will be headquartered. The bank has said that it will look to recruit the necessary specialist staff from Durham, Leeds, Newcastle and London.
Eurofound (2014), Atom Bank, Business expansion in United Kingdom, factsheet number 77333, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77333.
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...
