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.
Details of the 30,000 job losses were revealed in a study by consultancy LECG for Postcomm. The analysis says that the Royal Mail is 'forecasting operational redundancy costs'. According to the report at least 30,000 job losses, from a 165,000-strong workforce, are planned. The reason given is that the Royal Mail will lose its 350-year-old monopoly from the start of 2006 when any licensed company will be able to deliver to business or domestic customers.
The estimated job losses came in a report for Postcomm carried out by consultancy LECG which predicted that the jobs will go over the next five years, 'largely through natural attrition, avoiding redundancies and the potential for industrial action'. The financial situation in the company is good with record profits of £537 million, up from £220 million for the previous 12 months. In the past years it has successfully turned itself around, already reducing its workforce from 218,000 in 2001 to today's 165,000.
Eurofound (2005), Royal Mail, Internal restructuring in United Kingdom, factsheet number 62072, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62072.
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...
