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.
Friends Provident, a UK firm that operates in the insurance sector, has announced that it is to cut 600 jobs. It has not been announced by the firm where the job cuts will be implemented as of February 2008, but it seems highly likely that the majority of the job cuts will be implemented in the UK where the firm employs 4,000 at locations in Manchester, Exeter, Dorking and Salisbury. The job losses will be implemented by 2009, and have been attributed by management at the firm to financial difficulties the firm has faced. The job cuts are part of a wider process of streamlining, and follow the firm reporting a 400 million GBP decline in its annual profits. Trade union Unite condemned the job cuts, and stated that it would oppose any compulsory redundancies.
Eurofound (2008), Friends Provident, Internal restructuring in United Kingdom, factsheet number 66266, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66266.
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...
