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.
Meat processing company Tulip has announced plans to cut 430 jobs from its site at Bodmin, Cornwall. The company which is part of the Danish Crown Group, the largest pork producer in Europe, announced that it has entered into the collective consultation process, which is mandated by UK employment law. The proposals include moving bacon production to the Bodmin site and cooked meats to other (non-specified) sites in the UK. Even accounting for bacon production the proposals are for a reduction of 430 staff. The loss of the jobs will hit the local area hard as the factory is the town's largest single employer, accounting for over 800 jobs. The anticipated time-scale for the job losses has not been reported.
Eurofound (2016), Tulip, Internal restructuring in United Kingdom, factsheet number 86200, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86200.
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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