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.
Transport for London (TfL) has announced that bus conductors will be removed from six London Routemaster routes. The decision results in the loss of between 300 and 400 conductor jobs. The Routemaster bus services are delivered by four operators of Arriva, Go-Ahead, Metroline and RATP. Although bus drivers are paid by the bus operators, the conductor positions were paid for by TfL. A small number of buses will continue to operate with conductors but the decision to remove the conductors was designed to reduce costs by £10 million per annum (€11.7 approx.). Despite their job title, the bus conductors do not sell or check tickets. Re-introduction of bus conductors was a flagship transport policy for the former mayor of London, Boris Johnson during his election campaign in 2008. Removal of the conductors means that passengers will no longer be able to hop on and hop off buses via the rear door. At Unite the Union called upon TfL and the bus operators to try to redeploy and retrain the operators.
Eurofound (2016), Transport for London, Internal restructuring in United Kingdom, factsheet number 88390, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88390.
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...
