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.
Professional services company Accenture has announced a global restructuring plan which will cut 19,000 jobs from its workforce. The company has stated that most jobs cuts will focus on back-office roles. As Accenture works with tech companies, the rapid growth of these companies drove a required increase of its headcount, which grew by 50% over the pandemic. The company has cited lower than expected profit and revenue forecasts as well as reduced demand from tech companies as driving factors for the restructuring. As a result, operations and non-billable corporate functions are being targeted to reduce operating costs. It is expected that most jobs cuts will be in USA and an expected 400 job cuts in Ireland.
Eurofound (2023), Accenture, Internal restructuring in World, factsheet number 108726, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/108726.
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...
