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.
Up to 500 job cuts have been proposed at the East and North Herts NHS [National Health Service] Trust in order to help make £18m of savings. Union bosses have described the plan as a 'devastating blow' to both staff and patients, but health managers said patient care would be unaffected. The trust, which also runs other health services in Herts, is looking to close the equivalent of two to three wards by September 2006. The trust said in a statement: 'While the trust cannot rule out redundancies, it is hoped that these can be kept to a minimum.'
Trust chief executive Nick Carver said: 'Developments within the local health service in recent weeks mean that the level of cost reduction that the trust has to make this year has all but doubled to £18m.'
'While that is out of an overall budget of some £267m, the trust is already pursuing a highly challenging programme of clinical and non-clinical efficiency saving activities.'
Geoff Reason, from the union Unison, said: 'The loss of 500 jobs is a devastating blow to patients and staff.'
'Unison will not take these cuts lying down. A lot of local people will be angry about this announcement and we will be contacting patient's groups, MPs and joining with other unions to build up support against the cuts.'
Eurofound (2006), East and North Herts NHS Trust, Internal restructuring in United Kingdom, factsheet number 63716, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63716.
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...
