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.
Engineering company Babcock has announced that it is to cut 500 jobs in Plymouth. The firm employs around 5,000 staff at the city's Devonport Dockyard primarily employed on contracts to service and maintain Royal Navy warships and submarines. The decision to cut jobs follows a twelve-month review of operations, which has concluded that the cuts are necessary in order to secure the long-term future of the business. Local MPs from both Conservative and Labour expressed their disappointment at the news, with it being noted that the figure of 500 was higher than what had been expecting. A statutory period of consultation is due to begin shortly and the timings of the job losses will be known at its outcome.
In 2017, the Group announced that 250 jobs will be made redundant after the completion of several contracts.
Eurofound (2018), Babcock, Internal restructuring in United Kingdom, factsheet number 93791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93791.
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...
