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.
The energy company SSE has announced plans to cut 444 jobs which it has blamed on tough trading conditions and the government's energy price cap. Reports also suggest that low take-up of new energy meters by customers is a significant factor in the company's decision. The job losses will come from the customer service and meter installer sections of the business and enhanced redundancy packages are apparently being offered.
The geographical location of the job losses is not known, but it would appear likely that the company's head office in Perth will be affected. The head office currently employs around 2,000 workers. The timeframe for the job cuts has not been announced.
Eurofound (2019), SSE, Internal restructuring in United Kingdom, factsheet number 97715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97715.
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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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...
