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.
Oil company Taqa has announced plans to cut 100 jobs from its North Sea operations. The company is based in Aberdeen, centre of the UK's oil industry, and currently has a workforce of 550. A consultation process has begun to determine where the cuts will be made, but it is understood that the company are looking to cut onshore positions. A spokesperson for the company confirmed that the process would take several weeks. The oil industry has been suffering the effects of declining prices for its product and Taqa have suggested that the cuts are required in order to maintain the sustainability of the business. Taqa's response has been mirrored by competitors who have also announced job cuts.
Eurofound (2015), Taqa, Internal restructuring in United Kingdom, factsheet number 79201, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79201.
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...
