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 Wood Group has announced plans to cut 90 jobs from its workforce at the Sullom Voe oil terminal on Shetland. The move comes after a sharp fall in the price of oil. Wood Group has confirmed that it has entered into consultation on 90 of its 250 jobs. Other companies operating at Sullom Voe have also announced plans to shed jobs. Oil which was previously processed at the terminal is now being processed in Rotterdam, though a long term solution has not been decided. The time frame for the job losses is not being reported but it is expected that the jobs will go before the winter when the terminal's processing capacity falls in any case.
Eurofound (2015), Wood Group, Internal restructuring in United Kingdom, factsheet number 85160, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/85160.
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...
