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.
Energy supplier Extraenergy, a company which has already achieved significant market share in Germany, is looking to expand its UK operations. It currently employs 280 staff at an interim site in central Birmingham, but has announced that there will be significant expansion over the coming months. It is set to move into a new office within the city and will have a total of 1,000 staff within twelve months. A spokesperson for the company said that it was anticipated that staff numbers would reach 500 by Christmas 2014 and 1000 in twelve months time.
The roles which are to be created will be customer based - in telemarketing, customer service and credit management.
Eurofound (2014), Extraenergy, Business expansion in United Kingdom, factsheet number 77482, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77482.
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...
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