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.
Commerzbank, Germany's third-biggest bank, has announced an overhaul of its investment banking division in the City. The bank, which employs 1,200 in the division, mainly in London, outlined its plans as it unveils third-quarter results. After a wide-ranging review, the German bank is shifting the emphasis of the business from London to Frankfurt and admitted yesterday that the 576-strong London securities arm workforce would be cut to 301. In total, the worldwide head count in the division will fall by 40% from 1,276 to 787 as the bank closes down its Tokyo securities operation and scales back its New York business. Overall, 900 jobs out of 2,000 in the wider investment banking division will be cut.
Eurofound (2004), Commerzbank, Internal restructuring in United Kingdom, factsheet number 60743, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/60743.
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,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
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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...
