04 Μάρτιος 2015
The European Restructuring Monitor’s annual report for 2014 explores 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.
09 Σεπτέμβριος 2014
While restructuring is increasingly acknowledged as an inherent characteristic of economic development and receives substantial policy attention at European and Member State level, the regional perspective on it is rarely discussed. However, most large-scale restructurings affect the regions and employment areas where they take place, not just the company and its employees. Based on secondary data analysis, a literature review and five in-depth case studies, this research project aims to identify the effects of large-scale restructuring at regional level. It also describes examples of successful regional management directed at maintaining and improving labour markets and living conditions following an important restructuring event.
07 Ιούλιος 2014
This report looks in detail at recent shifts in the employment structure at Member State and EU level, examining the main sectors and occupations that have contributed to job loss and job growth. It finds, for example, that in 2011–2013, the majority of net employment losses continued to occur in middle-paid and low-to-middle-paid jobs in construction and manufacturing. Employment growth remained resilient in high-paid, high-skilled jobs, and knowledge-intensive services have been the main source of this growth. The report also examines some of the likely drivers behind the changing employment structure: technological change, globalisation and labour market institutions.
03 Δεκέμβριος 2013
The 2013 annual report from the European Restructuring Monitor (ERM) presents a retrospective of over a decade of measuring the impact of large-scale restructuring activity in Europe. Based on a database containing details of over 16,000 large-scale restructuring events– each generally involving at least 100 job losses or gains – it paints a picture of restructuring trends across the EU Member States. The report sets out to compare activity in the period leading up to the economic and financial crisis (2003–2008) with the post-crisis period (2008–2013), in order to identify changes in restructuring practices and to pinpoint the sectors that have been disproportionately affected, in employment terms, by the global recession. Also included is a critical assessment of all ERM activities, including the two newer policy-oriented databases: public support instruments and restructuring legislation. Finally, the report places the spotlight on the phenomenon of offshoring, charting the decline in offshoring activity by European firms since the onset of the crisis.
13 Μάρτιος 2013
This report describes recent structural shifts in employment in European labour markets before, during and after the 2008–2009 recession. It finds that employment destruction across Europe in the recession was strongly polarising in terms of the wage structure, while there was less polarisation in 2010–2012. A jobs based approach identifies how net employment shifts at Member State and EU level have been distributed across jobs in different quintiles of the wage distribution.
05 Νοέμβριος 2012
The ERM Report 2012 focuses on the consequences of restructuring for employees. It examines which employees lost their job at the onset of the economic crisis, which of them found a new job and how both job loss and subsequent re-employment impacted on their overall life situation and satisfaction. It also looks at the impact on working conditions for employees who remain at the restructured firm. Both these studies, of those who lost their jobs and those who stayed at the restructured workplace, have never before been analysed by using common, EU-wide and representative, datasets. The report also provides an overview of recent restructuring using the ERM database. While restructuring cases reporting job loss have fallen since the peak of 2009, they still outnumber announcements of job gain. Several recent cases testify to serious problems in the once very promising alternative energy sector in Europe. The findings show that much of the recently announced job creation is in the hotels and retail sectors.
04 Νοέμβριος 2012
Of all the future challenges facing labour markets in Europe, none is more certain than the demographic imbalances resulting from the lower birth cohorts after the post-war ‘baby boom’ and the continual increase in life expectancy. Indeed, this has already led to a significant shift in the age structure in practically all European countries. This paper was produced as a discussion paper for the European Commission’s thematic review seminar on ‘Employment policies to promote active ageing’, which took place in Brussels on 11 June 2012.
16 Ιανουάριος 2012
This report describes the impact of the ‘great recession’ on employment and the job structure in the EU27. It finds that despite a net loss of over five million jobs between 2008–2010, employment continued to grow in top-paying jobs, largely in knowledge-intensive services and business services. Meanwhile, sharp losses in medium-paying jobs in construction and manufacturing led to a shrinking of employment in the middle of the wage spectrum. More jobs were lost to men than to women and employment levels of older workers grew while those of core-age and, in particular, younger workers declined. Part-time work expanded across the wage spectrum while levels of temporary employment began to recover quickly from 2009 onwards after having borne the brunt of the early-recession job losses.
21 Νοέμβριος 2011
Structural change is a general characteristic of economic development, driven by shifts in relative productivity and demand, technological or socioeconomic changes. To adapt to a changing economic environment, companies undergo restructuring to maintain or improve their competitiveness and, hence, sustainability. While restructuring is essential to the dynamism of the European economy, it can entail difficulties for employees. The ERM annual report 2011 looks at the whole range of instruments available in the EU to mitigate the negative effects that it may have for both companies and employees and introduces around 400 of them in an online database. The ERM annual report also presents an overview and analysis of restructuring activities in Europe as captured by the European Restructuring Monitor (ERM).
10 Οκτώβριος 2011
The report describes the impact of the ‘great recession’ on employment and the job structure in the EU27. Quintile charts are used to give a simple, graphical representation of the extent of employment change in a given period as well as an indication of how that change has been distributed across jobs of different pay or skill levels. This technical background paper provides the full set of quintile charts associated with the 'job shifts' report.