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.
Aker Solutions, the engineering company which provides support to the oil industry, has announced plans to cut 280 jobs from its UK workforce. From a headcount of 2,500 this represents around 11% of the total workforce. The company confirmed that it has entered the formal consultation period on these job losses, which are understood to affect the subsea workforce. Job losses will come from the London and Aberdeen offices, though the losses at each site are not being reported. The job losses at Aker Solutions follow numerous other job losses in the oil and gas sector, which have resulted from the fall in the wholesale price of oil. The timeframe for the job losses has not been confirmed.
Eurofound (2016), Aker Solutions, Internal restructuring in United Kingdom, factsheet number 87368, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87368.
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...
