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.
On 10 May 2012 RBS (Royal Bank of Scotland) announced it will cut 500 jobs in the Netherlands in the coming one and a half year. Dismissals will affect mostly people employed in the administrative department (currently employing around 900 staff).
According to the bank representatives, the restructuring is due to the declining demand and need to cut costs. The bank reported a greater than expected loss in 2011.
The restructuring follows an earlier announcement in January 2012 to cut 3,500 jobs worldwide. Forced dismissals are not ruled out. The exact timing for the restructuring is yet to be announced.
Update 02.01.2013: The bank has already implemented 400 job cuts and is planning to cut an additional 500 jobs.
Eurofound (2012), Royal Bank of Scotland Netherlands, Internal restructuring in Netherlands, factsheet number 73635, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73635.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
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...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
