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.
Paddy Power and Betfair, two large betting companies, have undergone a merger, which was completed in February. They have announced 650 job losses from the new company; 350 in the UK, 300 in Ireland. Those in the betting shops will not be affected, but legal, HR, finance, technology, and trading divisions will be reduced as duplicated roles are restructured out. There will also be relocations, with two new offices being located in Clonskeagh, Dublin, and Hammersmith, West London. These will replace previous Dublin and London offices in Ringsend and Euston respectively, and an office in Stevenage, Hertfordshire will close, with some roles moving to Dublin and Malta. The company currently has 588 stores in the British isles - 336 in thw UK and 252 in Ireland - as well as a large online operation. The merger reflects a growing trend of consolidation in the industry, with Ladbrokes and Coral merging last July, and SportingBet purchasing BWin.
Eurofound (2016), Paddy Power Betfair, Merger/Acquisition in European Union, factsheet number 86952, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86952.
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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