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.
Subsea engineering, construction and services company, Subsea 7, has announced a cost reduction programme that will result in the loss of 274 jobs in France (out of a total workforce of about 1,000 employees). This restructuring is part of a worldwide restructuring that is deemed necessary in the face of difficult economic conditions in the oil and gas market. It is envisaged that the overall reduction in the global workforce would be of approximately 2,500 by early 2016, down from the 13,000 reported at the end of 2014. In France, the management said that they will avoid forced dismissals and seek to implement the cuts through voluntary departures, internal and external mobility.
Eurofound (2015), Subsea 7, Internal restructuring in France, factsheet number 83631, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83631.
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...
