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.
Fashion retailer New Look has confirmed plans to close 60 of its 593 stores and make 980 redundancies out of a total headcount of 15,300, as part of a rescue package to keep the business operational. The company had been forced to enter into a Company Voluntary Arrangement (CVA) with its creditors. The deal will see rents reduced on 393 stores in the portfolio. The deal had been announced earlier in March, but was subject to final approval from creditors. The decision to approve the deal was seen by many commentators as inevitable, given the current financial position of many high street retailers. Final decisions on which stores will be closed will be confirmed by New Look in due course, and it is understood that the closures will take place between six and twelve months following this announcement.
Eurofound (2018), New Look, Closure in United Kingdom, factsheet number 93712, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93712.
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...
