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 largest Italian bank UniCredit has announced it aims to cut 18,200 jobs by 2018 in the framework of a €1.6 billion cost saving programme. The bank declared losses of €10.64 billion in the third quarter of 2015. Its aim is to cut 12,200 positions (including 6,900 in Italy) and to sell activities that currently employ 6,000 employees. These 6,000 job cuts are related to the sale of the bank’s Ukraine business and a stake in its Pioneer asset management joint venture with Santander. The main targets of its new Strategic plan are "exit or restructuring of poorly performing businesses such as retail banking in Austria and leasing in Italy, on top of the ongoing rundown of the Non Core Division", a "strong focus on new digital agenda" to accelerate the "Group's retail and corporate multi-channel transformation" and to become "a simpler and more integrated Group ".
Eurofound (2015), Unicredit, Internal restructuring in World, factsheet number 86022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86022.
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...
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