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.
Major supermarket chain, Asda has confirmed that it will reduce the workforce of its retail network by 500 jobs. Consultation with 5,000 staff employed in Asda’s stores commenced in January 2016 when the company announced a broad restructuring program called Project Renewal. While approximately 200 retail workers have been redeployed, 200 staff have already taken redundancy. A further 300 workers will be compulsory made redundant. At the same time, Asda reduced the size of its head office located in Leeds (see related factsheet). Along with other major UK retailers, Asda has faced competition from the foreign owned retail discounters Aldi and Lidl since they both heavily expanded into the UK retail market.
Eurofound (2016), Asda, Internal restructuring in United Kingdom, factsheet number 86823, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/86823.
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...
