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.
HSBC, a multi-national group that operates in the financial services sector, has announced that it is to cut its workforce by 2217. This will be implemented by making 3,167 people redundant and creating 950 new jobs. Most of the posts being lost are in the senior and middle management.
In August 2011, the company had announced to cut 25,000 jobs worldwide until 2013 (see here).
Eurofound (2012), HSBC, Internal restructuring in United Kingdom, factsheet number 73692, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/73692.
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...
