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.
British financial services provider Barclays announced to cut 3,700 jobs worldwide. The bank will cut up to 1,800 jobs at its investment bank branch and 1,900 jobs in retail and business banking. The jobs in retail and business banking will be lost in continental Europe, while the investment bank losses will take place in Europe, Asia and the United States.
Barclays current employs some 140,000 people worldwide. It is not yet clear when the restructuring will be implemented by.
Eurofound (2013), Barclays, Internal restructuring in World, factsheet number 74809, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/74809.
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...
