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.
Avara Avlon Pharma based in Avonmouth, Bristol has announced that it is entering administration placing all 270 jobs at risk of redundancy. The decision comes after a major contract has ended, leaving the company in a difficult financial position. The business which was part of the AstraZeneca group until 2016 has agreed a deal with the former owners which will keep the business open until the end of March 2019. However, if no buyer is found for the company and its assets, then all 270 jobs will be made redundant in April 2019.
Eurofound (2019), Avara Avlon Pharma Services, Bankruptcy in United Kingdom, factsheet number 97322, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97322.
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...
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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...
