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.
Zurich Insurance has announced plans to cut 240 jobs from its UK workforce. The insurer has decided to merge parts of its life and general insurance functions, which will result in lower demand for staff. Roles will be cut from back office positions such as finance and marketing. A statutory consultation period with affected staff has already started. This latest restructure follows a decision in the global business in 2016 to reduce the number of executives, which resulted in around 350 job cuts in the UK.
Eurofound (2017), Zurich Insurance, Internal restructuring in United Kingdom, factsheet number 89812, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89812.
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...
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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...
