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.
Sertec Group, the British automotive components manufacturer is planning to cut 428 jobs at six of its sites in the West Midlands region of England, according to the trade union Unite.
An officer of Unite said it was "premature" to be considering cuts, because the majority of affected workers were on temporary paid leave under the UK government’s Coronavirus Job Retention Scheme. Unite also noted that by initiating redundancies while workers were on leave restricted the trade union’s right to meaningfully consult with its members.
The Sertec Group has manufacturing sites in the UK, Germany, Hungary and China. The company produces components for Jaguar Land Rover, Nissan and Toyota.
Eurofound (2020), Sertec Group, Internal restructuring in United Kingdom, factsheet number 101306, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101306.
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...
