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.
HSBC has announced plans to create 500 new jobs across Scotland. The bank will add jobs at its call centre in Hamilton, as well as increasing the size of its Edinburgh-based global risk operations. The exact numbers which will be added at each site have not been reported. HSBC already employs 4,000 workers in Scotland and the First Minister Nicola Sturgeon has welcomed the latest announcement as the company seeks to increase its already high profile in the country. The jobs will be brought in over the coming six to nine months.
In 2015, HSBC initiated a large-scale restructuring across its UK operations aiming to cut up to 8,000 jobs. The last batch of branch closures related to this restructuring effort are set to take place in 2017.
Eurofound (2017), HSBC, Business expansion in United Kingdom, factsheet number 91414, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91414.
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...
