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.
Bombardier, a firm that operates a rail maintenance depot in Ashford, is to cut 201 jobs at its site in Ashford. Management at the firm have attributed the job losses to the end of an ongoing contract with South West Trains in December 2007. 333 are currently employed at the Ashford site, and those workers who will be affected include electricians, painters and fitters who are employed to work on South West Train carriages. The firm has also stated that the Ashford plant will not close given that it is a ‘strategically important location’ and that the 132 remaining staff will continue in employment at the site. As of October 2007, the firm has stated that it is about to start a process of consultation with staff and unions on the redundancies and that it hopes that volunteers for redundancy will come forward.
Eurofound (2007), Bombardier, Internal restructuring in United Kingdom, factsheet number 65926, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65926.
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...
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