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.
UK airports operator BAA has announced it is to cut 700 jobs as part of a cost-cutting drive. The group said the move would result in savings of about £45 million a year by 2008.
The news came as BAA posted a 9.6% rise in underlying operating profits to £412 million for the six months to 30 September 2005, from £376 million in 2004. The shake-up would focus on the back office and management areas.
'We want to streamline the management and admin staff of the business and get our managers closer to the business to deliver that better leadership and get the right people in the right jobs,' chief executive Mike Clasper told BBC Radio 4.
Eurofound (2005), BAA, Internal restructuring in United Kingdom, factsheet number 62474, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62474.
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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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...
