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.
Matalan, the discount clothing chain is planning to cut hundreds of jobs at its head office and in stores as it fights the downturn in consumer confidence. The chain, which has 190 outlets and 17,000 staff, refused to say exactly how many workers will lose their jobs. Weekend speculation suggested there could be hundreds of redundancies. The review will cover the group's head office in Skelmersdale, Lancashire, and the chain's stores. The redundancy programme comes after a severe downturn in trade at the discount retailer. The most recent update on like-for-like sales showed a 9% fall in March and April 2005. It was accompanied by a warning that annual profits would be at the bottom end of expectations if the tough conditions continued. A spokeswoman for the company said it was starting a consultation with workers about the cuts, but that it was too early to say how many people might be affected. She said: ‘It is impossible to be specific until the consultation period is completed'.
Eurofound (2005), Matalan, Internal restructuring in United Kingdom, factsheet number 61734, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61734.
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...
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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...
