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.
Baker McKenzie, the US-based international law firm, has announced that it is expanding its services centre in Belfast, Northern Ireland. The expansion will create 150 new jobs in legal and business services, including finance, corporate support, marketing and IT. The company opened its Belfast offices in 2014, and currently employs 300 people.
The executive director of Baker McKenzie’s Northern Ireland division said that the Belfast offices are “a major innovation hub” of the firm, adding that "We have introduced a number of initiatives here that are not only benefiting our clients but have a direct impact on our financial performance”. In its coverage of the news, the BBC highlights that global professional service firms are drawn to Northern Ireland in part because salaries and office costs are lower than to those in the US and other part of the UK.
Eurofound (2018), Baker McKenzie Global Services, Business expansion in United Kingdom, factsheet number 94694, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94694.
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...
