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 loss of 106 jobs in telephone fund raising agency Pell & Bales has occurred after the company was placed into liquidation. The company employed 20 full-time employees and a further 86 employees who were on zero-hours contracts. Employees have been advised to lodge claims to the firm handling the insolvency for any outstanding wages and other entitlements, including payment for their last month of work. The job losses occur less than two months after the company was sold by outsourcing firm Parsec. Mid-way through 2014 the company was the subject of scrutiny after treatment of the elderly and vulnerable was the subject of a UK television programme and subsequent newspaper articles.
Eurofound (2016), Pell & Bales, Bankruptcy in United Kingdom, factsheet number 88387, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88387.
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...
