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.
The continuing low price of oil (dropping from $115 dollars per barrel in 2014 to $35 in February 2016) has resulted in Shell announcing 10,000 job cuts over the coming year, 2800 of which are coming as a direct result of Shell's $68 billion takeover of Dutch Gas Company BG group. The majority of these 2800 will come in the UK, USA, and Australia, where Shell and BG both have operations and there is overlap and duplication of roles. Shell's profits are currently at a 13 year low, having fallen 80% in that time. Shell hope that this streamlining and reduction following the takeover will maintain the shareholder dividend this year at 2015's figure of $1.88 per share, and the announcement resulted in a 6% increase in share prices on the day of the announcement. Shell has undertaken additional spending cuts, reducing operating costs by $4 billion in 2015, as well as reducing capital spending by 23% and planning to sell $30 billion of assets in 2016.
Eurofound (2016), Shell, Internal restructuring in World, factsheet number 86425, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86425.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
