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.
London City airport has announced a restructuring plan, leading to 239 jobs, more than a third of its workforce, being cut. Consultation with the affected staff members have already started.
The airport’s chief executive said difficult decisions had to be made to 'enable the airport to bounce back in a better shape' when air travel returns to its normal levels after the COVID-19 crisis.
London City airport is situated in east London and serves a largely business clientele. The airport was closed for three months in the spring, after reopening in late June, it is now operating only a few routes. Most staff were on the Coronavirus Job Retention Scheme, which comes to an end in October.
Eurofound (2020), London City Airport, Internal restructuring in United Kingdom, factsheet number 102025, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102025.
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...
