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.
Barclays announced plans to cut 110 jobs in France. This will reduce its French workforce to about 1,200 people after the restructuring and appears to be part of a process of retrenchment by the British bank which is cutting its presence in other European, non-British markets. The bank announced the job-reduction plan after the suspension of the previously announced restructuring measures in 2013.
Updated 2/1/2015: Barclay's 'plan social', originally approved in September 2014, has been rejected by the Paris 'tribunal administratif' on foot of irregularities in the procedures followed, notably as regards the estimated number of job losses. Nonetheless, headcount at Barclays France has declined by at least 100 since the company initiated its recent 'plans socials'.
Eurofound (2014), Barclays France, Internal restructuring in France, factsheet number 77936, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77936.
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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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...
