The economic crisis has significantly reduced the rate of offshoring in Europe
The offshoring share of restructuring job loss in Europe peaked before the 2008–2009 crisis and has remained lower ever since, according to the 2013 annual report of the European Restructuring Monitor (ERM) - Monitoring and managing restructuring in the 21st century. The report also presents a retrospective of over a decade of monitoring the impact of large-scale restructuring activity in Europe.