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.
Royal Bank of Scotland is to cut about 3,000 jobs from its global workforce of 170,000 in an attempt to survive the current economic crisis. The bank is already receiving £20bn from the UK government and blames its past, high exposure to the US subprime market for the £691m loss in the first half of the financial year. The job losses will affect RBS investment banking businesses and the staff in the global banking and markets division. Employees will be briefed on the cuts within the next two weeks (by the end of November 2008). It is expected that the cuts will affect more than 50 countries.
Eurofound (2008), Royal Bank of Scotland (RBS), Internal restructuring in World, factsheet number 67380, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67380.
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...
