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.
Supermarket company Tesco has announced plans to close one of its two UK contact centres with the loss of 1,100 jobs. Work will stop at the company's site in Cardiff in February 2018, and its calls will be handled from the firm's other centre in Dundee. Some affected staff may be offered the opportunity to relocate to the Dundee operations, though given the distances involved, few would be expected to take up this offer.
Tesco has stated that the decision is based on the need to stay competitive and to meet customer needs. Unions and politicians have reacted with surprise to the announcement and have warned about the impact of such major losses on the local economy. Consultation talks are due to begin between Tesco and employee representatives from the USDAW trade union.
Eurofound (2017), Tesco, Closure in United Kingdom, factsheet number 91327, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91327.
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...
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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...
