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 Lakesmere Group has entered administration with the loss of 109 jobs. The firm which specialises in cladding and finishing buildings employed 241 staff across the UK at the time when administrator Deloitte was appointed. The company has announced that the wholly owned subsidiary, McMullen Facades, which is based in Northern Ireland and employs 275 staff, continues to trade and there will be no redundancies in this part of the business. The group has however, not ruled out the possibility that McMullen Facades might be sold. The future of the rest of the UK workforce has yet to be determined.
Eurofound (2017), Lakesmere Group, Bankruptcy in United Kingdom, factsheet number 92439, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92439.
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...
