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.

Another key ERM publication is the annual report focusing on a specific topic that reflects current policy priorities. In 2013, the ERM annual report made use of the restructuring database that includes details of over 16,000 large-scale restructuring events to compare activity in the pre-crisis period (2003–2008) with the post-crisis period (2008–2013), and places the spotlight on the phenomenon of offshoring, charting the decline in offshoring activity by European firms since the onset of the crisis.

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.

ERM quarterly

January 2015

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