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.
The Housing Executive, a governmental agency that provides housing services to communities in Northern Ireland, has announced that it is to cut 450 jobs at locations in Northern Ireland. The Housing Executive employs 3,000 in Northern Ireland, and the job losses will be implemented by March 2011. Management at the organization have attributed the job losses to financial constraints that have come about through a reduction of the organization's staffing budget. However, the trade union Nipsa have criticized the job cuts and have stated that its members may take take industrial action. Maureen Taggart, head of personnel for the Housing Executive, stated that the workers affected would primarily be at administrative and professional/technical level. Ms Taggart also stated,
'It is always difficult when staff are released, but the Housing Executive in line with all government departments is required to deliver a 5 per cent efficiency savings each year for the next three years.'
However, Bumper Graham, an official from the trade union Nipsa, criticized the job losses and stated,
'Our members provide essential services. They deal with the homeless, they deal with housing applications, repairs to tenants' houses... It is hard to see how we can move forward on the housing front at the same time that 15 per cent of the workforce is going to be slashed.'
Eurofound (2008), Housing Executive, Internal restructuring in United Kingdom, factsheet number 66453, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66453.
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