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.
Edinburgh based bank RBS has announced the creation of 1,235 new jobs. Recruitment has commenced to fill the positions. As part of European regulatory requirements imposed on RBS followed the UK state bailout of £45.5 billion (approx. €63.1 billion) during the financial crisis, the bank is required to fully divest its challenger bank, Williams & Glyn by the end of 2017. It has been reported that the majority of the jobs in Williams & Glyn will be based in Manchester, Edinburgh and London. A further 240 jobs will be located in the 307 branches of Williams & Glyn. In addition, a further 148 roles in the fields of risk and technology are currently being filled. While the bank has since returned to profitability, it remains 80 per cent publicly owned and around 40,000 workers lost their jobs following nationalisation in 2008 (see earlier factsheet).
Eurofound (2015), RBS, Business expansion in United Kingdom, factsheet number 83725, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/83725.
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...
