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.
Insurance company Swinton Insurance has announced that it intends to cut staff numbers by 900 across its UK operations. The decision to cut jobs is a response to customer behaviour, with around 90% of the firm's business being conducted via telephone or online. The company is proposing to close 84 of its high street branches and is also reviewing the role of one of its call centres in Norwich, which currently employs 183 staff. Even with the proposed cuts, Swinton will still remain as the largest broker on the high street. A formal consultation is due to begin with affected workers, who may be redeployed to other parts of the business if possible. It is expected that the job cuts will be complete by the end of 2017.
Eurofound (2017), Swinton Insurance, Internal restructuring in United Kingdom, factsheet number 90982, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90982.
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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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...
