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.
Welsh online cosmetics retailer has announced the creation of 100 new jobs. The jobs will be located in the company’s new distribution centre that will be located in Cardiff. In line with policy to support digital entrepreneurship and local economic development, Escentual received support from the Welsh government to ensure the business remains in Wales. In addition to the 100 new jobs that will be created as a result of the expansion, a further 20 jobs will be retained in Wales. Set up in 2000, Escentual is an online seller of luxury cosmetics, fragrances, skincare, makeup and hair care products. The new distribution centre is three times larger than its previous site. By moving to this bigger site, the company plans to increase the number of product lines from 5,000 to 15,00 across the next two to three years. The company recruits from Welsh universities and through support schemes put in place by the Welsh Government to support start-ups and new business expansion.
Eurofound (2015), Escentual, Business expansion in United Kingdom, factsheet number 83726, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83726.
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...
