ERM Report 2009: Restructuring in recession

Annual report
Updated
16 December 2009
Published
22 November 2009
Formats
  • Download full reportPDF

Abstract

Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In July 2009, 22 million men and women were unemployed throughout Europe, five million more than a year previously. Moreover, the situation may well still have further to play out: experience of previous recessions suggests that the full effect of the downturn upon employment has yet to materialise. Eurofound’s analysis of restructuring and job loss over the past year is collated and reviewed in this, the fourth annual report of the European Restructuring Monitor. Analysing the effects of the recession upon employment, it also looks in detail how particular sectors, countries and occupations have been affected, and examines a range of responses that have been taken to safeguard employment - at the company, Member State and European level. An executive summary is available.
  • Full report

    Number of Pages: 
    148
    Reference No: 
    ef0973
    ISBN: 
    978-92-897-0856-2
    Catalogue: 
    TJ-32-09-143-EN-C
    Catalogue info

    ERM Report 2009: Restructuring in recession

    Over the course of 2008 and 2009, the world economy experienced one of the most serious recessions in modern times. In July 2009, 22 million men and women were unemployed throughout Europe, five million more than a year previously. Moreover, the situation may well still have further to play out: experience of previous recessions suggests that the full effect of the downturn upon employment has yet to materialise. Eurofound’s analysis of restructuring and job loss over the past year is collated and reviewed in this, the fourth annual report of the European Restructuring Monitor. Analysing the effects of the recession upon employment, it also looks in detail how particular sectors, countries and occupations have been affected, and examines a range of responses that have been taken to safeguard employment - at the company, Member State and European level.

  • Executive summary

    Number of pages: 
    2
    Reference No: 
    ef09731
    Catalogue info

    ERM Report 2009: Restructuring in recession - Executive summary

    Authors: 
    Eurofound
    Cover image of ERM Report 2009: Restructuring in recession - Executive summary

    Employment in the European Union declined by 2.5 million persons between the first quarter of 2008 and the first quarter of 2009. The largest relative, and absolute, declines were in manufacturing and construction: as a result, it is mainly younger men working in manual occupations in manufacturing who have lost their jobs. A report is available - see Related content.
    Download PDF: EN (pdf 49.69 Kb)

Part of the series

  • European Restructuring Monitor

    The European Restructuring Monitor has reported on the employment impact of large-scale business restructuring since 2002. This series includes its restructuring-related databases (events, support instruments and legislation) as well as case studies and publications.

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