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.
Rail firm GNER faces an uncertain future as its parent company approaches a deadline to repay huge debts, according to unions. The RMT union says GNER, which signed a 10-year franchise in 2005 to run trains on the East Coast Mainline, may have to cut up to 300 jobs.
But the firm said it had overcome some recent challenges and is now seeing record numbers of passengers. Allen Heath, of the RMT union said: 'I think it's inevitable, when you consider the position GNER is in. They frankly are not making anywhere near the sort of profits they allowed for in the franchise. Something's got to give and the only thing that can give really is jobs.'
Jonathon Metcalfe, chief executive of GNER, said the company had faced some challenges since it took over the franchise, but was now achieving some positive results.
Eurofound (2006), GNER, Internal restructuring in United Kingdom, factsheet number 64246, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64246.
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...
