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.
Flooring retailer Carpetright has entered into a company voluntary agreement with its creditors in a bid to save the business. The changes will allow the company to continue trading though 300 jobs will be lost. The plans, which have been approved by the firm's creditors and landlords, will see a total of 92 stores closed and rent reductions applied to a further 113 sites. It is understood that 11 stores have already stopped trading. The cuts mean that around one quarter of the company's 400 stores will close, and one in nine of the 2,700 UK employees will lose their jobs. The closures are expected to be completed by the end of September 2018.
Eurofound (2018), Carpetright, Internal restructuring in United Kingdom, factsheet number 93989, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93989.
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...
