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.
Troubled banking group RBS has announced plans to cut another 200 jobs from its workforce as it continues to try to reduce operating costs. The job losses will result in the closure of some branches - RBS branches in Scotland and Natwest branches in Wales and South West England are understood to be those affected. The company which is 73% state owned had announced job cuts as recently as March 2016, offshoring some of the positions as well as cutting jobs in back office positions. A spokesperson for the company confirmed that the branch closures were necessary as footfall had declined as more and more customers switched to banking online. The time-scale for these latest closures has not yet been reported.
Eurofound (2016), RBS, Internal restructuring in United Kingdom, factsheet number 87641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87641.
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...
