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.
Stepping Hill hospital in Stockport, Greater Manchester, has announced that it is to cut 350 full-time positions from its workforce. The cuts involve closure of a surgical ward as well as eight trauma and orthopaedic beds. The cuts are being made in response to budget deficits with the hospital reportedly losing £75 (around €88) per minute. Other measures to balance the budget include the sale of part of the site and the introduction of car parking charges. The hospital said that it hoped that some of the cuts could be achieved through voluntary redundancy and by not replacing existing staff. The timeframe for the job losses has not been reported.
Eurofound (2016), Stepping Hill Hospital, Internal restructuring in United Kingdom, factsheet number 88332, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88332.
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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