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.
Honda has announced plans to cut 800 jobs in Swindon because of declining demand across Europe. It blamed lowered demand for cars in Europe for its move and stated that demand had declined by one million cars in the past year. The company has entered a 90-day consultation period and aims to avoid forced redundancies.
Honda employs 3,500 people at the Swindon plant. Only last year, it hired an additional 500 people there (see here). There is no indication when the job cuts will be implemented by.
Updated, 03/05/13 Honda stated that the actual number of achieved job losses was smaller than originally announced. There were a total of 592 job losses, 554 implemented via voluntary means and only 38 through compulsory redundancies, which was regarded as a significant development by trade unions. The company also announced that 188 of vacant posts would not be filled as part of the restructuring.
Eurofound (2013), Honda, Internal restructuring in United Kingdom, factsheet number 74758, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74758.
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...
