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.
Troubled banking group RBS has announced plans to cut another 200 jobs from its workforce as it continues to try to reduce operating costs. The job losses will result in the closure of some branches - RBS branches in Scotland and Natwest branches in Wales and South West England are understood to be those affected. The company which is 73% state owned had announced job cuts as recently as March 2016, offshoring some of the positions as well as cutting jobs in back office positions. A spokesperson for the company confirmed that the branch closures were necessary as footfall had declined as more and more customers switched to banking online. The time-scale for these latest closures has not yet been reported.
Eurofound (2016), RBS, Internal restructuring in United Kingdom, factsheet number 87641, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87641.
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...
