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 world’s largest supplier of plumbing and heating goods, Wolseley will reduce its UK workforce by 200 jobs by the end of April 2016. The restructure comes after poor financial results for the UK operations in comparison to its US and Nordic subsidiaries. Most of its UK profits are made from Wolseley’s repair and maintenance division, which has struggled in recent times. During the past 12 months, the company closed 10 UK branches, with the loss of 100 jobs. As part of further cost control measures, a further 15 branches will close during the second quarter of the financial reporting cycle, which will lead to the loss of a further 100 jobs.
Eurofound (2016), Wolsesley, Internal restructuring in United Kingdom, factsheet number 86838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86838.
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...
