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.
Almost 300 jobs are to go at Shropshire's two main hospitals. It is thought 80 jobs will go this financial year and 211 before the end of the next at the Princess Royal Hospital and Royal Shrewsbury Hospital. The Shrewsbury and Telford NHS Trust is in debt by £30m and a spokesman for Princess Royal Hospital said it needed to act or the debt would keep rising. A spokesman at the Princess Royal Hospital in Telford said it needed to be "more efficient".
"If we do not make the reductions that we need to make now it could be worse in the future.
"At the end of this year we will owe £31m and we cannot allow that to grow at £10m a year, we need to become more efficient."
The spokesman added the hospital hoped to make the cuts through natural wastage but compulsory redundancies had not been ruled out.
Eurofound (2006), Shrewsbury and Telford NHS Trust, Internal restructuring in United Kingdom, factsheet number 63218, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63218.
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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