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.
US owned General Electric has announced it plans to cut 1,100 jobs from its UK operations - a reduction of approximately 6% of its UK workforce. The company which specialises in power infrastructure intends to cut 500 jobs from operations in Stafford and a further 600 jobs from sites in Rugby. The announcement is part of a larger plan to restructure the worldwide company, which is expected to result in the loss of 12,000 jobs. A spokesperson for General Electric attributed the job losses to the state of the power market across the globe and a need to ensure that the company remained competitive. The proposals for the job cuts in the UK are subject to the statutory consultation processes which are due to begin imminently.
Eurofound (2017), General Electric, Internal restructuring in United Kingdom, factsheet number 92921, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92921.
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...
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