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.
Supermarket giant Tesco has announced further plans to cut jobs, this time from its Hertfordshire head offices in Welwyn Garden City and Hatfield. In total 1,200 jobs will be cut, which equates to approximately one in four of the workforce. The decision is part of a larger restructure which aims to cut GBP 1.5 billion (€1.7 billion) from the company's operating costs. It follows shortly after the announcement that the company will be closing its call centre in Cardiff with the loss of around 1,100 jobs. The timescale for the job losses has not been reported, though it is understood that affected workers have been informed.
Eurofound (2017), Tesco, Internal restructuring in United Kingdom, factsheet number 91431, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91431.
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...
