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.
EDF Energy has announced plans to close Cottam Power Station, near Retford. The power station had been expected to close by 2025 in line with commitments to generate electricity from sources other than coal. Estimates of the number of jobs which will be lost vary considerably. One source puts the job losses at 158, whereas another source has the figure at 300.
A spokesperson for the Prospect union commented that it was not unexpected that the plant would close; the timing of the announcement was something of a shock, given that they had previously been assured that the plant would be wound down in 2025.
Eurofound (2019), EDF Energy, Closure in United Kingdom, factsheet number 96694, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96694.
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...
