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.
Clothing retailer Austin Reed is set to cut 1,000 jobs after failing to find a buyer for the business. The company announced in April 2016 that it would be entering administration and at that point, there were hopes that a buyer could be found. The Edinburgh Woollen Mill owner Philip Day did come forward to buy the Austin Reed Brand as well as the Country Casuals Brand. As part of the deal five concession outlets, located in Boundary Mills stores were also sold; a move which saved 28 jobs. However there has been no buyer for the bulk of the business, meaning that 120 stores will close by the end of June 2016.
Eurofound (2016), Austin Reed, Bankruptcy in United Kingdom, factsheet number 87866, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87866.
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...
