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.
The financial data and press agency Thomson Reuters has announced 3,200 job cuts and office closures worldwide over the next 2 years as part of an internal reorganisation. The job cuts represent about 12% of the total workforce. The number of its offices would be reduced by 30% to 133 locations. The company didn't give details about the countries affected but highlighted that the 'majority of employees had already been notified'.
Thomson Reuters is one of the world's largest press agency, ahead of The Associated Press and Agence France-Presse. In November 2018, Thomson Reuters reorganized its European news bureaus, dismissing journalists in France, Germany, and Italy. Two former worldwide job cuts took place in 2002 (2,000 job cuts) and in 2004 (100 job cuts and 90 job creations).
Eurofound (2018), Thomson Reuters, Internal restructuring in World, factsheet number 96193, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96193.
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...
