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.
BAE systems, a manufacturer and provider of defence and security systems, has announced plans to cut 1116 jobs across the UK. The announcement comes after a review of the company's current and future business levels, where the company revealed a widened pension deficit of £3.1bn. The cuts will affect 205 posts at the Samlesbury site and 170 at its Warton site, both in Lancashire. A further 111 posts will go in Farnborough and 630 in Cheshire where the company plans to shut its Woodford factory by the end of 2012. The trade union stated that they will work constructively with the company in order to keep redundancies to a minimum and ensure that the majority of them will be implemented through voluntary means.
Eurofound (2009), BAE Systems, Internal restructuring in United Kingdom, factsheet number 69561, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69561.
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...
