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.
Travel agency Thomas Cook has announced plans to close 21 of its high street stores in a move which wll result in 320 job losses. 102 customer facing roles will be lost along with a further 218 roles which will be lost following a review of the company's retail workforce. The company cited the greater preference for online booking and the summer heatwave of 2018 which meant that many customers chose to holiday within the UK. The stores due for closure are ones which are not profitable and / or have their leases up for renewal. Consultation over the plans has reportedly already started with the trade unions, though there is no information as yet on when the job losses are expected to take effect.
Eurofound (2019), Thomas Cook, Closure in United Kingdom, factsheet number 97411, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97411.
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...
