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.
Monarch Aircraft Engineering has announced it is to cut 450 jobs after entering liquidation. The business which was bought by private equity firm Greybull Capital following the collapse of Monarch airlines in 2017 and was the last working part of the failed airline. A spokesperson for the administrator commented that the business had taken on significant legacy debts when it emerged from the previous company, and although efforts had been made, including a company voluntary arrangement, it was not possible to continue with the business. The administrator also noted that job fairs would be held in the near future in London and Birmingham to try to help affected employees find suitable alternative employment.
Eurofound (2019), Monarch Aircraft Engineering, Bankruptcy in United Kingdom, factsheet number 96309, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96309.
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...
