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.
Germany's Deutsche Bank will relocate to Frankfurt some of its financial services. More specifically trading, risk management, legal and support activities will be moved from London. The main motivation is Brexit since the booking of trades might not be allowed outside of the European Union. The process will begin in the coming weeks, and the final implementation should happen in the end of 2018. As far as jobs relocation regards, the company indicates a few hundred. In the past months media outlets had announced that approximately 4,000 jobs cuts were expected but the company denied it. The relocation is expected to concern also other European locations; at the moment media outlets refer movements to Milan and France.
Eurofound (2018), Deutsche Bank, Reshoring in Germany, factsheet number 87, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87.
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...
