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.
The Southbank Centre, the UK’s largest arts complex, which is located in central London, has confirmed plans to cut 400 jobs, two-thirds of the workforce across all levels of the organisation. Redundancy consultations with the affected staff have already started.
A statement by the senior management of the Centre said the job cuts were necessary to stem the financial losses caused by the Covid-19 pandemic and to help safeguard the Centre’s future.
The Southbank Centre includes arts venues such as the Hayward Gallery and the Royal Festival Hall. The Centre is likely to remain closed until April 2021.
Eurofound (2020), Southbank Centre, Internal restructuring in United Kingdom, factsheet number 101569, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101569.
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...
