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 UK-based company Monsoon Accessorize, which owns the two eponymous fashion chains, has announced that it will close 35 of its 230 shops across the country, making 545 people redundant with immediate effect.
Monsoon Accessorize recently entered administration, however it was immediately bought out by its founder through the company Adena Brands, who purchased the two labels, the company’s head office, the design teams and the distribution centre as well as the majority of its shops. The owner explained that the financial problems were caused by the COVID-19 pandemic and by the consequential contemporary closure of all ‘non-essential’ shops in United Kingdom during the lockdown.
The management of the acquiring company declared their intention to save as many as 100 Monsoon Accessorize stores out of 230 and to continue providing a job to all the 2,300 former employees, although they cannot exclude further dismissals.
Monsoon was founded in London in 1973 and the first Accessorize shop opened in 1986. The company has subsidiaries in the Republic of Ireland, Denmark and France.
Eurofound (2020), Monsoon Accessorize, Merger/Acquisition in United Kingdom, factsheet number 100915, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100915.
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...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
