EMCC European Monitoring Centre on Change
European Restructuring Monitor
Since 2002, the European Restructuring Monitor (ERM) has been monitoring the employment impact of large-scale restructuring events in the 27 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.
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.
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 18,000 restructuring events to date. It is updated daily.
Another key ERM publication is the annual report focusing on a specific topic that reflects current policy priorities. In 2014, the ERM annual report explored the rapid transformation of the public sector in Europe since the onset of the financial crisis in 2008. Initially, employment expansion in the sector helped to stabilise Europe’s economy while the private sector suffered severe job losses. However, subsequent austerity measures (or fiscal consolidation) have brought in their wake widespread restructuring in the public sector.
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 October-December 2014 and summarises 318 large-scale restructuring cases recorded over the period. It includes brief features on
- recent restructuring at Lloyds Banking Group,
- some cases of job loss arising from Russian sanctions
- public employment incentives from the restructuring support instruments database