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.
US Bristow Group has announced the loss of 130 jobs in its Scottish-based Bristow Helicopters. Among those who have been made redundant are 66 pilots located in Aberdeen and Scattsta in Shetland. Prior to the announcement, the company employed 1,950 staff across the United Kingdom. Based in Aberdeen, the company has said that after taking other measures to reduce costs, it was necessary to make 130 jobs redundant. A downturn in the North Sea oil and gas industry has been cited as the reason for the reduction in Bristow’s workforce. Formal consultation has commenced with the British Airline Pilots’ Association (BALPA), with the union calling upon the UK and Scottish governments to convene an urgent summit on North Sea jobs to help retain skills as a result of the downturn in world price for oil.
Eurofound (2015), Bristow Helicopters, Internal restructuring in United Kingdom, factsheet number 84260, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/84260.
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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