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.
Owner of British Gas, Centrica has announced plans to cut 4,000 jobs across the UK. The move follows the release of financial performance figures which revealed a drop in operating profit of around 17%, an outcome which Centrica has blamed on the government's policy of a price cap and competition in the sector. The first 1,000 jobs will be cut during 2018. Some will be the result of not replacing staff who are leaving, but others will be compulsory redundancies.
The job losses are in addition to an existing plan to reduce headcount by 2020. In July 2015, the company already announced a net reduction of 4,000 jobs in the country.
Eurofound (2018), Centrica, Internal restructuring in United Kingdom, factsheet number 93641, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93641.
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...
