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 University of Manchester has announced plans to cut 171 from its total headcount of approximately 12,000 staff. Cuts are being sought in biology, medicine, health, business and humanities departments and will affect both academic and support staff. The university has refuted claims by the University and College Union (UCU) that the job cuts are a consequence of the decision of the UK to leave the EU. A spokesperson for the university said that the cuts were part of a cost saving exercise which was consistent with a longer term strategy for growth. UCU pointed to the fact that the university still has a considerable operating surplus; the union plans further meetings to resist the proposed changes. The university has commented that it hopes to avoid the need for compulsory redundancies and will be opening up a voluntary leaving scheme.
Eurofound (2017), The University of Manchester, Internal restructuring in United Kingdom, factsheet number 90986, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90986.
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...
