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.
Building materials group Travis Perkins is to cut 150 jobs as it speeds up its cost-cutting in the wake of a 7.4% fall in like-for-like retail sales at the newly-acquired Wickes. Back office, IT and finance staff at the former Wickes headquarters at Harrow, north London, and Travis's base in Northampton are at risk of redundancies.
Shares in Travis fell by 5% as group chief executive Geoff Cooper blamed a reduction in consumer confidence and a slow housing market. Travis reported a rise in pre-tax profits from £100.6 million to £110 million during the first half of 2005 with turnover rising 41.3% to £1.29 billion, thanks to Wickes. Mr Cooper said he did not regret buying Wickes, insisting that the fundamentals of the business remained strong and market share was increasing.
Eurofound (2005), Travis Perkins, Merger/Acquisition in United Kingdom, factsheet number 62190, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62190.
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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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...
