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.
US e-hailing platform Uber has announced it will cut 225 of the 1,500 jobs at its office in Amsterdam. The job cuts are part of a worldwide reorganisation, which was already announced in May (3,700 jobs cut). As a result of the COVID-19 crisis, turnovers have dropped with roughly 80%, causing an urgent need for cost reductions. Uber states that it has developed a strong social plan for the employees who will lose their jobs. In May, the company already reserved around $35 million (€31.09 million) for severance and other benefits payouts resulting from the worldwide reorganisation.
Eurofound (2020), Uber, Internal restructuring in Netherlands, factsheet number 100924, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/100924.
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...
