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.
Keltbray, a company specialist in civil engineering, has announced plans to reduce the size of its UK workforce by 300 jobs as a result of the impact of the COVID-19 pandemic. The company has started the consultation process with its staff. The job losses will amount to around 15% of the current workforce of 2,000 people and will take place in back office roles and the Built Environment Division, which was hardest hit by the Coronavirus.
The company furloughed under the UK Government’s Coronavirus Job Retention Scheme around one-third of its staff when the UK lockdown hit. It also cut salaries of senior staff. The company has said that these measures were not efficient enough, so the company needed to restructure its workforce to cut operating costs.
Eurofound (2020), Keltbray, Internal restructuring in United Kingdom, factsheet number 101266, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101266.
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...
