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 Royal Free Hospital is to lose 480 jobs in a bid to save £25m, it has been announced. The north London hospital, which has a £16m overspend, said it will try to keep redundancies to a minimum but could not rule them out. At the Royal Free, the £25m savings is made up of the £16m overspend, meeting a 2.5% government efficiency target and £10m in increased salaries, costs of drugs and equipment. The overspend must be paid back by the end of the next financial year because all trusts must repay accumulated deficits within five years. Andrew Way, chief executive of the trust, said: "These measures are not exceptional and are designed to bring the Royal Free into line with other organisations.
"We must achieve financial balance if we are to control our own future as the government has made it very clear that they will not bail out organisations which fail to do so."
Eurofound (2006), Royal Free Hospital, Internal restructuring in United Kingdom, factsheet number 63220, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63220.
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...
