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.
Bookmaker Betfred is set to close its call centre in Wigan, Greater Manchester with the loss of 112 jobs. It is understood that the jobs will be cut sometime before Christmas. Of the 112 jobs, 14 are full time and the remaining 98 are part time; the majority of the positions are held by women. The decision to close the call centre is not without controversy. The Unite union claim that Betfred are failing to honour their obligations in respect of the redundancy packages. The workers were originally employed by government-owned bookmaker Tote which was bought by Betfred in 2011. Part of that buyout, the union argues, included the transfer of terms and conditions of employment, including the right to enhanced redundancy payments. According to the Unite official this means that some workers will suffer a detriment of thousands of pounds.
Eurofound (2015), Betfred, Closure in United Kingdom, factsheet number 85612, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85612.
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...
