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.
Employing 161,310 people in 2004, Électricité de France (EDF) is Europe's largest electricity utility and supplies 22% of the European Union's power needs. The French group announced plans to cut its workforce in the next two years. According to management, about 6,000 jobs will go by replacing only 'one in three or four' of the 9,000 employees retiring until 2007. This reduction represents about 3.72% of its total workforce. Following the announcement, shares of the state-controlled energy group EDF rose above their issue price of €32 for the first time since the flotation of the company on 21 November 2005. Unions have fiercely protested against what they perceive as a financial project, expressing concerns about capital expenditure underinvestment that might impact on the security of supply of the EU power system.
Eurofound (2005), EDF Energy, Internal restructuring in France, factsheet number 62630, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62630.
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...
