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.
Car manufacturer Ford has outlined plans to cut jobs across Europe as part of a bid to restore profitability. According to reports around 1,000 of the projected 1,150 losses will be from the plant at Bridgend, South Wales. Papers reveal that there are plans to cut 370 jobs during 2019 and that the firm will seek to achieve these reductions through voluntary redundancies. A further 620 jobs will be lost by September 2020; 450 jobs are associated with production of engines for Jaguar Land Rover and 170 jobs will be lost due to decline in demand for Ford's own Sigma engine. In addition to the cuts at Bridgend, there will also be reductions in the company's transport operations. The timeframe for these cuts has not been reported.
Eurofound (2019), Ford, Internal restructuring in United Kingdom, factsheet number 96587, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96587.
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...
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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...
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