European Restructuring Monitor
Since 2002, the European Restructuring Monitor (ERM) has been monitoring the employment impact of large-scale restructuring events in Europe and now covers the 28 EU Member States plus Norway. The ERM offers a searchable database of restructuring events based on announcements in national media sources. Detailed information is available on this site about the data collection method, the media sources used, available information and data limitations.
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media in each EU member state. Created in 2002, it has recorded more than 19,700 restructuring events to date. It is updated daily.
Since 2011, the ERM also provides a database on national public support instruments for restructuring to assist companies and workers to anticipate and manage restructuring. To date, the database provides information on almost 400 national schemes. Furthermore, since 2013 the ERM database on restructuring related legislation gives an overview on national regulations related to, for example, definitions of collective dismissal and dismissal procedures or information/consultation requirements in restructuring.
Drawing on the data collected through the ERM over the previous three months, the ERM quarterly outlines major European trends in restructuring.
Another key ERM publication is the annual report focusing on a specific topic that reflects current policy priorities. In 2015, the ERM annual report did not only explore the recent labour market and restructuring trends in Europe. In the aftermath of the global recession, Europe is targeting job-rich growth. Small and medium-sized enterprises (SMEs) are widely recognised as the ‘backbone of Europe’s economy’ and contribute considerably to the European labour market. However, across the vast and heterogeneous SME population not all SME types are equally dynamic job creators. The ERM annual report 2015 illustrates the profile of SME job creators and identifies company internal and external factors influencing employment growth in SMEs. The report also describes the main characteristics of recruitment processes in SMEs and analyses the available public support for SMEs’ job creation. Particular attention is given to 'born globals', that is young companies that immediately after inception intensively engage in international activities and have been discovered to be dynamic job creators.
The comparative analytical reports represent an additional strand of research within the ERM. They provide information on developments at EU and national level on specific themes, including company case examples.
For a quick overview on the ERM and its publications, download the info sheet.
The most recent ERM quarterly covers the period January - March 2016 and summarises 368 large-scale restructuring cases recorded over the period. It includes brief features on:
- Restructuring-related legal regulations in focus: Payment guarantee in case of employee insolvency;
- UK steel industry woes mirror EU steel crisis;
- Dutch retailer V&D closes with over 8,000 job losses.