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.
Education publisher Pearson announced the plan to cut 3000 jobs, by 2020. The majority of the job losses will come in late 2018 and early 2019 and will account for almost 10 percent of the group total. The job losses are expected to be worldwide and are a result of the drop in student enrolments in the USA as well as the rapid move to digital and education policy shifts in the UK. In 2016 the company has already undergone major restructuringand recently a new centre has been opened in Northern Ireland.
Pearson is the world's largest educational publisher and employs 5,000 people in the UK.
Eurofound (2017), Pearson, Internal restructuring in World, factsheet number 91709, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/91709.
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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