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 US aircraft manufacturer has announced a reorganisation with about 13,000 job cuts worldwide from a total workforce of about 160,000 employees. Furthermore, Boeing expects several thousand additional jobs may be eliminated in the next few months. The job losses confirmed include 6,670 involuntary cuts and 5,520 voluntary redundancies in the US (12,290 job cuts in total) mainly in the Seattle area. Boeing said additional job cuts will be made in international locations, but it did not specify numbers for all countries. Boeing has announced 400 reductions at its factory in Winnipeg (Canada) and another 230 near Melbourne (Australia). Job cuts are also expected in the UK where Boeing has 2,500 employees.
Eurofound (2020), Boeing, Internal restructuring in World, factsheet number 100769, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100769.
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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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
