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.
Electrical goods retailer Comet has gone into administration with the loss of up to 6611 jobs if no buyer is found until the end of November. The company has already announced 330 job losses at the head office on 9th November 2012.
Closing down sales have begun in a number of stores.
UPDATE, 17/11/12: A further 735 job losses announced on November 17th as shop closures proceed.
UPDATE, 7/12/12: Running total of job losses reported at 2600 by Guardian
UPDATE, 18/12/12: All remaining Comet stores were closed on 18th December bringing the total number of jobs lost to 6900. The business secretary, Vince Cable, has ordered an inquiry into the collapse of the retailer, which closed owing £26.2m in unpaid VAT and payroll taxes as well as £23.2m in redundancy pay, which now the government will provide to staff.
Eurofound (2012), Comet, Bankruptcy in United Kingdom, factsheet number 74512, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74512.
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...
