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.
Rail freight company DB Schenker Rail UK has announced plans to cut 234 jobs across the United Kingdom. The company has said that the reduction in its workforce is required because of a decline in the amount of coal being transported on the UK rail network. A formal 90 day consultation period has commenced with affected staff and RMT, Aslef and TSSA unions. The company is headquartered in Doncaster with sites in Carlisle, Warrington, Worksop, Gateshead and Teeside. A spokesperson from Aslef – the union which represents train drivers - has said that redundancies among clerical and depot staff are likely to be unavoidable. The Aslef spokesperson also made reference to a three-year no compulsory redundancy clause contained in contracts of 188 train drivers, meaning that if the company wanted to reduce the number of train drivers, it would have to explore other avenues such as voluntary redundancy and relocation The company will not confirm which jobs and locations will be affected until conclusion of the consultation period.
Eurofound (2015), DB Schenker UK Rail, Internal restructuring in United Kingdom, factsheet number 83818, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/83818.
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...
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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...
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