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.
Frozen food retailer Iceland has announced plans to close its warehouse in Trafford, Greater Manchester. The decision will result in the loss of 102 jobs. The warehouse was opened only 18 months previously to deal with online demand across the Greater Manchester area, however now the company has stated that the site can no longer operate at a profit. Consultation over the job losses is reportedly underway, but the result appears to be pre-determined, with a final closure date at the end of March 2019 already in the public domain.
Previous restructurings in the UK took place in 2018 (240 jobs created), 2017 (100 jobs created) and 2016 (900 jobs created).
Eurofound (2019), Iceland, Closure in United Kingdom, factsheet number 97321, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97321.
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...
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