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 UK-based TSB Bank has announced that 114 new jobs will be created at its telephone banking centre in Sunderland in the next six months. According to TSB’s management, the positions will all be permanent 'partner roles' and the new staff will provide a variety of services to customers, ranging from general banking through credit card services to fraud prevention.
The Sunderland site in north-east England is TSB Bank’s largest contact centre and will house around 600 employees once the new employees have been recruited. The job creation has been supported by Sunderland City Council.
Eurofound (2017), TSB Bank, Business expansion in United Kingdom, factsheet number 90582, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/90582.
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...
