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.
Mobile phone operator Orange is planning to cut between 1,800 and 2,000 UK jobs in a drive to reduce costs. The French-owned firm said it wanted to reduce its costs by 15% as it adapted to 'customer needs in an increasingly competitive environment'. Chief executive Bernard Ghillebaert said that employees 'would be treated with dignity and respect consistent with our values'. Full details of where the cuts will fall will be announced in September. The company plans to integrate its Wanadoo broadband business with the Orange mobile phone operations.
Eurofound (2006), Orange, Internal restructuring in United Kingdom, factsheet number 63446, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63446.