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.
Debt advisory firm, Totemic Holdings will reduce its workforce by 500 jobs. The company has said that advisor and administration positions are where the redundancies would take place. The firm provides debt advice mainly to people in the military, police and nursing professions. Before this announcement, the company employed a total of 876 workers across three sites. It is head-quartered in Grantham in Lincolnshire and has two additional offices in Long Bennington in Lincolnshire and Birmingham in the West Midlands. While the company has already commenced the compulsory 45-day consultation period and has said that the redundancies will begin in October 2016, it has not yet said how many staff would be made redundant at each site. It is thought that the largest number of redundancies will take place in the head office, where around 600 people are currently employed.
Eurofound (2016), Totemic Holdings, Internal restructuring in United Kingdom, factsheet number 88502, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88502.
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...
