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.
Barclays, a British banking and financial services company, announced that it plans to cut 422 jobs in its technology and infrastructure division. Most of the job losses are reported to be in Radbrooke Hall, Cheshire, but there will be cuts in Northampton and at other sites around the country.
The union representing workers Unite said that it strongly opposed the company sending some of the work to Lithuania, an allegation that the company denied.
A timeline for the restructuring is not known yet.
Eurofound (2012), Barclays, Internal restructuring in United Kingdom, factsheet number 73195, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73195.
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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In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
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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...
