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 350 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.
A key ERM publication is the annual report focusing on a specific topic that reflects current policy priorities.
ERM annual report
There is emerging evidence that the pace of globalisation has abated. Research has shown a significant decline in the trade elasticity of growth and reduced activity in global value chains. The 2016 European Restructuring Monitor [ERM] annual report – Globalisation slowdown? Recent evidence of offshoring and reshoring in Europe - adds some new pieces of evidence which go in the same direction. Both the number of offshoring cases from EU-located companies and the associated job losses are, even as the global economy has picked up, appreciably below pre-crisis levels and continue to decline. The last decade has also seen increased interest in the reshoring of economic activity previously offshored. Data on reshoring to Europe is much more limited than that of offshoring, which is captured by the ERM. However, a more systematic measurement of the employment implications of reshoring to Europe will be available with the first reporting of data from the recently initiated European Reshoring Monitor in 2017. Initial data suggests that the direct job dividends from reshoring activities back to the EU are modest though the transfer of production activities may of course bring other indirect benefits in related service activities.
Drawing on the data collected through the ERM over the previous three months, the ERM quarterly outlines major European trends in restructuring.
January 2017 issue - The most recent ERM quarterly covers the period 1 October - 30 December 2016 and summarises 386 large-scale restructuring cases recorded over the period. It includes brief features on:
- Supporting internationalisation
- VW cuts 30,000 jobs in move to electric car production
- Job cuts at Swedish Migration Agency
- ING bank – Job losses in Belgium and the Netherlands.
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.