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.
Manchester Airports Group (MAG) has announced that it will start negotiations with trade unions about plans to cut 376 front line jobs at London Stansted Airport.
The chief executive of MAG said the job cuts were necessary because there had been a 90% fall in passenger numbers compared to 2019 in the wake of the COVID-19 pandemic and with the UK government’s Coronavirus Job Retention Scheme was coming to an end in October, the group had to consider how many jobs it can sustain.
A representative of the trade union Unite said Unite aims to reduce job losses at Stansted airport and 'seek to ensure that any eventual redundancies are voluntary'.
London Stansted Airport is the UK’s fourth largest airport, which directly employed 1,600 people before the start of the coronavirus crisis.
Eurofound (2020), London Stansted Airport, Internal restructuring in United Kingdom, factsheet number 102216, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102216.
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...
