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.
East Lifestyle Ltd, the UK-based business behind women’s fashion brand East, ceased trading in May 2018. The company went into administration in January, and 27 employees were immediately made redundant by the administrators. The majority of the company’s 314 staff remained employed until 4th May when all 34 shops and 15 concessions in department stores across the UK closed.
The company was launched in 1994 and first fell into administration in 2015. However, it was then saved by the Indian retail company Fabindia, which aimed to distribute goods made by craft workers in India.
East Lifestyle Ltd was one of several fashion brands in the UK that are facing difficulties. Jaeger went into liquidation in 2017 and a number of major retailers, from Marks and Spencer to New Look, are currently undergoing major restructuring to deal with financial pressure.
Eurofound (2018), East Lifestyle Limited, Bankruptcy in United Kingdom, factsheet number 94251, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/94251.
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...
