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.
The Alnwick site of US owned pharmaceutical company Covance is due to close later in 2015 with the loss of 130 jobs. Staff at Covance was issued with letters on 9 September informing them that their position is at risk of redundancy and confirming the intention to close the site. The site was acquired by Covance in 2010 and as part of the deal received five years of contractual payments from Sanofi, the company it bought the site from. Once these payments cease in October 2015 the site will operate at a loss. Covance is understood to have been seeking a buyer for the site since April, but has so far been unsuccessful.
Eurofound (2015), Covance, Closure in United Kingdom, factsheet number 84769, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84769.
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...
