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.
Large High Street bank, NatWest, part of the government-owned Royal Bank of Scotland (RBS) Group, has announced a restructure of its branches that will result in the loss of 361 branch manager positions.
The bank is reported as trying to keep the number of compulsory redundancies to a minimum. In this respect, the job losses will be offset, to some extent, by the creation of 116 new roles. While the new roles will be more senior to those roles that have been abolished, a spokesperson for NatWest has said that the bank expects to fill some of the new 116 jobs with employees whose jobs have been abolished. The addition of 45 further jobs in the area of customer service will also be created as a result of the current restructure.
Eurofound (2014), NatWest Bank, Internal restructuring in United Kingdom, factsheet number 77266, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77266.
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...
