Restructuring events
European Restructuring Monitor (ERM)
The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
CityFibre, the British telecoms company, has launched a plan to train an overall number of 11,000 people - hiring directly 1,000 of them - across the UK in the next three years, as part of its effort to expand its fibre network to reach 8 million homes. The first recruitment drive for training is already underway.
The prospective workers will be mainly trained in skills including fibre splicing, telephone pole climbing and road cutting. Those not hired directly by CityFibre are meant to be then employed by local construction groups involved in the plan for the expansion of the fibre network.
The company declared it wants to attract qualified and experienced construction and telecoms workers as well as those currently unemployed, with a focus on women and candidates from minority ethnic backgrounds. The chairman of the company said full fibre connectivity was crucial to economic recovery after of the COVID-19 crisis and to transitioning to a 'greener, smarter and fairer economy'.
CityFibre specialises in building fibre internet infrastructure and has cable networks in more than 60 towns and cities across the UK, providing internet connectivity to consumer service providers, local authorities mobile operators and businesses.
Eurofound (2020), CityFibre, Business expansion in United Kingdom, factsheet number 101309, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/101309.
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