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.
The subsidiary of the Swiss banking group USB, UBS Luxembourg, have signed with its unions Aleba, OGBL-SBA and LCGB-SESF a social plan to cut 56 jobs in its back- and middle-office activities. Unions and management have reduced through social dialogue the number of job cuts from 60 to 56. The plan is justified by economic reasons. The services will be transferred to UBS's Polish office in Wroclaw. Affected employees may benefit from an early-retirement plan or internal redeployment to reduce the number of forced dismissals. The bank will also finance retraining programmes and job-search assistance. Previously in 2013, UBS Luxembourg already launched a social plan to cut 33 positions.
Eurofound (2016), UBS, Offshoring/Delocalisation in Luxembourg, factsheet number 88684, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/88684.
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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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...
