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.
Bhagat Holdings has announced that it has acquired the former Pinneys site in Annan, Dumfries and Galloway and will be creating 120 new jobs. The company is involved in the processing of frozen food; specifically it adds breadcrumbs to products for food supply companies such as Brakes.
The closure of the site, which was owned by frozen food giant Young's, in 2018resulted in the loss of 450 jobs, so the new jobs represent a fraction of the previous losses, though there are hopes that in time more jobs could be added. The new jobs are being supported by a grant of 1.7 million GBP (€1.98 million) from the Scottish Government and it is hoped that production will restart at the site in September 2019.
Politicians have reacted to the news positively with members of the Scottish Government and local councillors alike suggesting that the news is positive for the economy of South West Scotland. The unite union's response was more cautious and urged the business to allow trade union representation at the plant.
Eurofound (2019), Bhagat Holdings , Business expansion in United Kingdom, factsheet number 97378, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97378.
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...
