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.
Discovery Inc, a US-based media company which broadcasts more than 100 TV channels in Europe, including Eurosport and The Animal Planet, has announced that it will make 100 of its employees in London redundant. The company will close its European playout centre in London, when all its television channels that do not broadcast live programmes will be migrated to the cloud. A spokesperson for the company said that the change is part of Discovery adopting a ‘more agile operational technology model’ that relies on its recently upgraded global technology and playout centre in the USA.
Discovery Inc will continue to employ 1,300 people in the UK, where it makes programmes and broadcasts 16 channels to British viewers.
Until March 2018 Discovery Inc was known as Discovery Communications, Inc. In March 2018, Discovery formally acquired the media firm Scripps Networks Interactive (SNI), and made around 60 London-based employees of SNI redundant.
Eurofound (2018), Discovery, Closure in United Kingdom, factsheet number 94290, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94290.
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...
