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 publisher, The Guardian will cut 310 jobs as part of a restructuring aimed at breaking even within the next three years, 60 of which will be cut by not filling currently vacant positions. Around 100 journalists and 150 support staff will lose their jobs. The cut to editorial staff accounts for around one-seventh of its UK editorial team.
While the company has said that it aims for the redundancies to be voluntary, it may be forced to compulsory retrench workers if not enough volunteers come forward. The National Union of Journalists has stated its opposition to compulsory redundancies and has called on The Guardian to explore other ways to cut costs rather than cutting its workforce.
Eurofound (2016), The Guardian, Internal restructuring in United Kingdom, factsheet number 86839, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86839.
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...
