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.
Banking group Lloyds TSB has announced that it is to cut 985 full and part time positions. The redundancies related to the merger between the Lloyds motor finance division trading under its black horse brand, and HBOS's asset and motor finance division. The company hopes to avoid compulsory redundancies and is instead seeking to use natural turnover and redeployment wherever possible. Unite stated that the job losses end months of speculation amongst staff about the long term security of their jobs. No details are available about the numbers employed in the two divisions or the date by which the cuts will be made.
Eurofound (2009), Lloyds, Internal restructuring in United Kingdom, factsheet number 68776, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68776.
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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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...
