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.
Stockport based loans company Horizon finance has ceased to trade with the loss of 117 jobs. The call centre which sold loans on behalf of lenders stopped trading on 27 March 2015. The decision to liquidate the company follows an error in listing on the Financial Conduct Authority (FCA) website. Data providers stopped supplying data because of this notice, believing that the company was not authorised to trade. This in turn led to cash flow problems for the company. The confusion on the FCA website was due to a mix up with a similarly named firm. Although a public apology was later placed on the FCA website, the company was unable to recover from the effect of this mistake.
Eurofound (2015), Horizon Finance, Bankruptcy in United Kingdom, factsheet number 79372, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79372.
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...
