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.
Hundreds of City jobs at Deutsche Bank will be lost in 2005 and the UK asset management business could be sold under a €1.2 billion (£820 million) cost-cutting plan. Josef Ackermann, chief executive, said in Frankfurt that 3,300 more jobs would go in 2005 on top of the 1,920 in Germany announced in December 2004 . In addition, 1,200 would be ‘smart-sourced' from high-cost to low-cost locations such as eastern Europe and India, but also to cheaper cities in western Europe.
The bank refused to comment on reports that about 1,000 of the 6,400 redundancies would be in London but Mr Ackermann said 3,700 would be in back-office units and 2,700 in corporate and investment banking, and asset management, with the latter heavily based in the City.
Eurofound (2005), Deutsche Bank, Internal restructuring in United Kingdom, factsheet number 61087, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61087.
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...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
