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.
UK optical and audiology company, Specsavers will close one of its lens making laboratories. This will see 200 workers being made redundant. Aston Labs Ltd, the laboratory to be closed, is owned by Specsavers and is located in Birmingham. The company has said that the workload from this laboratory will be absorbed by other manufacturing sites in the United Kingdom and Ireland. The company has commenced the required formal consultation period with the affected staff, due to end on 22 September 2016. The company has said efforts will be made to try to redeploy the staff within the wider business and all staff to lose their jobs will be offered redundancy packages.
Eurofound (2016), Specsavers, Closure in United Kingdom, factsheet number 88460, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88460.
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...
