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.
The owner of Classic FM and London's 95.8 Capital FM, GCap Media announced up to 100 job cuts from its 1,400-strong workforce. It has tripled its cost savings target as it seeks to regain the confidence of the stock market after making a stuttering debut as the UK's largest commercial radio broadcaster. The cuts will form the major part of a new cost savings target of £25 million, raised from the £7.5 million promised at the time of the merger. Steve Orchard, the GCap operations director who will oversee the cost-cutting, admitted that the recent merger had distracted a sales force that had borne the brunt of initial job cuts. 'We accept that the merger was a distraction for our sales staff and a distraction for our management. We want a management structure that is fleet of foot, that gives the best customer service in the industry,' he said.
Eurofound (2005), GCap Media, Internal restructuring in United Kingdom, factsheet number 62317, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62317.
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...
