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.
Hitachi Rail Europe has announced that it will cut 250 permanent jobs in its rail manufacturing and assembly plant in Newton Aycliffe in the North East of England. The 45-day compulsory consultation process with employees and trade unions has already started. In a statement, the company explained that the job cuts are part of a restructuring plan that aims business flexibilisation and insisted that the company has a reputation for investing in its workers.
The Unite Union finds the news disappointing and blames the government policies for the redundancies, arguing that procurement policies for transport infrastructure favour overseas businesses.
Hitachi Rail Europe is part of Hitachi Group, the Japan-based global technology firm, which has 4,000 employees in 33 countries. In UK, the company produces rolling stock and signalling services across 15 locations.
Eurofound (2020), Hitachi Rail Europe, Internal restructuring in United Kingdom, factsheet number 99713, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/99713.
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...
