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.
Taylor Wimpey, the British residential property developer, has announced the loss of over 100 jobs across the UK.
The restructuring plan involves the removal of one tier of operational management and a series of reductions in central and business unit overhead levels, as well as a rationalisation of London operating structure. The company aims is to save GBP 15 million (€16.5 million) in 2021.
Taylor Wimpey is one of the largest housebuilders in the UK, operating 24 regional businesses across the country. The company also operates in Spain and employs a total of 6,000 people in the two countries.
Eurofound (2020), Taylor Wimpey, Internal restructuring in United Kingdom, factsheet number 102933, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102933.
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