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.
Visitor centre, the Titanic Belfast has announced plans to reduce its workforce by 75 jobs due to closure of the venues due to the COVID-19 pandemic. Titanic Belfast, usually employing around 300 people, started formal consultation with staff over the potential redundancies.
The centre, which first opened in 2012, was forced to close on March 18 2020 after the UK lockdown was imposed. While it is due to re-open at the beginning of August, the number of visitors is projected to be around one-third lower than before the onset of the pandemic, as the international market is not expected to pick up for some time. The majority of visitors after re-opening are expected to be local people but the domestic market only comprised around 11 percent of business prior to the pandemic.
The company has said that in addition to voluntary redundancies, it will also consider career breaks, part-time positions and job shares.
While not included in the figure of 75 job losses, casual workers on zero hours contracts will also be affected, taking the total number of people impacted by the restructure to between 150 and 200.
Eurofound (2020), Titanic Belfast, Internal restructuring in United Kingdom, factsheet number 101264, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101264.
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...
