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.
Nationwide Accident Repair Services, the British company that operates a network of garages and repair vans carrying out accident repair work entered administration. While much of the business was sold to RunMyCar, 30 garages were closed with the loss of 540 jobs. The sale had saved 2,350 jobs across 80 sites.
A representative of the Administrators said the company’s financial difficulties were caused by a reduction in trade during the COVID-19 lockdown, when motorists stayed at home.
Nationwide Accident Repair Services was founded in 1998 and it specialised in carrying out repair work for car insurance firms.
Eurofound (2020), Nationwide Accident Repair Services, Bankruptcy in United Kingdom, factsheet number 101971, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101971.
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...
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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...
