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.
Aston Martin Lagonda, the British carmaker, has announced that it will make 500 employees redundant. Redundancy consultations with employees and their representatives have already begun. In its statement announcing the redundancies, the company said that it aims to cut costs and restore profitability, arguing that a smaller workforce will be sufficient to meet the decreased demand for its cars. The sharp fall in production and sales caused by the COVID-19 pandemic has exacerbated the company’s longer-term financial problems.
Aston Martin Lagonda makes luxury sports cars at three production sites in England and Wales. The brand is associated with the fictional character James Bond, who drives Aston Martin models.
Eurofound (2020), Aston Martin Lagonda, Internal restructuring in United Kingdom, factsheet number 101064, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101064.
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...
