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.
Hundreds of jobs are to go at NHS hospitals in Worcestershire. The 720 positions are being axed in an attempt to balance the books at Worcestershire Acute Hospitals NHS Trust, which needs to save £30m. One in seven staff at the county's three hospitals will be lost. Trust chairman Michael O'Riordan said: 'It looks as if we have ended 2005/6 with an overspend of around £5.5m which is very disappointing.But far more serious is a massive and unprecedented shortfall between what we expect to get paid in 2006/7 and what we know it would cost us to provide our services in the way we currently do.'
The job losses proposal is subject to consultation with staff and is expected to save the trust about £8m this financial year and £16m in the next one, starting April 2007.
Eurofound (2006), Worcester Acute Hospitals NHS Trust, Internal restructuring in United Kingdom, factsheet number 63301, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63301.
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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