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.
Royal & Sun Alliance, the struggling insurance company, is embarking in a desperate plan for survival that will see a dramatic shrinking of its business and a 12,000 cut in its 50,000 worldwide workforce by 2004. The insurer is taking this route to avoid a £1bn cash call on its shareholders, who were reluctant to plough more money into the company.
In January 2004, Royal & Sun Alliance's website mentions the figure of 38,000 employees worldwide.
Eurofound (2002), Royal & Sun Alliance, Internal restructuring in World, factsheet number 60228, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60228.
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...
