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.
Coal production and distribution company Hargreaves is being reported to be in the process of cutting 150 jobs. This follows the announcement of the closure of the Teesside based steelworks SSI, and is seen to be a direct knock-on effect of the closure. The Durham based company employs approximately 2,500 staff across the UK. There had been initial reports that Hargreaves would take over the running of the SSI steelworks, but the company confirmed that while it would like to support SSI, it did not have any plans to purchase the company. Hargreaves had warned in August that the current conditions faced by the UK steel industry made job losses likely.
Eurofound (2015), Hargreaves, Closure in United Kingdom, factsheet number 85276, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85276.
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...
