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.
Standard Life is facing demutualisation and plans to cut 1,000 jobs, it was revealed today.
In a statement published this morning, Standard Life, the second largest life insurer in Europe, said today that its UK life and pensions business would be "repositioned to achieve profitable growth". In practice, this will require a "significant" reduction in costs of 20% and a loss of 1,000 jobs by the end of the year. Most of the job cuts, around 880, will be in Edinburgh and Standard Life said it could not rule out compulsory redundancies.
Eurofound (2004), Standard Life, Internal restructuring in United Kingdom, factsheet number 60226, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60226.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
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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...
