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.
Hundreds of jobs are under threat after a heating company confirmed it is to close two sites in Lancashire. Baxi Heating UK has announced that the Alfer Cast Iron Foundry in Bamber Bridge and a production plant in Padiham will be shut down.
The firm, which produces central heating and hot water systems, says it is aiming to centralise its operation at its Preston factory. The unions say workers feel "devastated" by the announcement.
More than 500 people are currently employed at the plant in Padiham but the company says it hopes to offer a significant number of employees the option of relocating to the Club Street site in Preston.
Baxi also says it hopes to offer all 84 workers at the iron foundry at Bamber Bridge, which is to close after 30 years in operation, jobs elsewhere on the site.
The exact number of redundancies will not be known until the end of the 90-day consultation period.
Eurofound (2007), Baxi Heating UK, Relocation in United Kingdom, factsheet number 65090, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65090.
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...
