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.
Cable and Wireless management announced a further cut of C&W workers in the UK. During 2005, the company anticipates that there will be a net reduction of approximately 480 roles across Retail and Operations. Most of the redundancies will come from sales and marketing and will be lost at its Bracknell, Berkshire headquarters. The job losses announced on 6 March 2005 are in addition to 600 positions the company said in November 2004 would disappear across Europe in 2005. Dougie Rafferty, Communication Workers Union Organiser said that the union will be doing everything in its power to support and back its members to protect their jobs. C&W do not recognise the CWU.
Eurofound (2005), Cable and Wireless, Internal restructuring in United Kingdom, factsheet number 61235, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61235.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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