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.
Insurance company ERS has announced plans to restructure its operations. The plans are to simplify the company's structure by focusing on two offices in Swansea and London. The Brentwood office in Essex will close and the 350 staff there have been placed on notice of redundancy. While the Brentwood site will close, staff numbers at the London site are expected to increase from 30 to 240. At the Swansea site employee numbers will increase from 230 to 398. The company noted that the decision to close the Brentwood site and concentrate on the other offices had been made after several months of planning and was part of a wider plan which is focused on future growth for the business.
Eurofound (2015), ERS, Relocation in United Kingdom, factsheet number 79359, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/79359.
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...
