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.
Barclays Group Operations Centre Lithuania, the British bank's strategic centre for technologies and services, is to dismiss 285 employees in Vilnius by the end of 2018. The main cause of dismissals is the intention of the company to optimise the operations of the Lithuanian subsidiary. According to the management, 244 out of 285 jobs will be relocated to other countries, including the UK, the US and India; 41 positions will be closed completely. The company promised to ensure all legal and financial obligations to the dismissed employees. Currently Barclays Group Operations Centre in Lithuania employs 1,134 employees.
Eurofound (2018), Barclays Group Operations Centre Lithuania, Offshoring/Delocalisation in Lithuania, factsheet number 94016, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94016.
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...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
The more employee monitoring resembles surveillance – with its systematic, continuous and detailed tracking of employees' activities, behaviours or communications – the greater the potential for infringement of both privacy and data protection rights. Although the EU General Data Protection...
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...
