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.
Home Loans company Firstplus has announced that it is to cut 300 jobs from its Cardiff operations. It currently employs 430 staff at the site. The job losses follow the decision by the company to stop offering new loans from August 9th as a result of reduced demand. The company has said that redeployment opportunities will be sought for staff across the Barclays business. Trade Union Unite has said that it understands that the Firstplus product may not be viable, however it condemns the decision to cut 300 jobs in Cardiff suggesting that work from other parts of Barclays business could be transferred to the site.
Eurofound (2008), Firstplus, Internal restructuring in United Kingdom, factsheet number 66828, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66828.
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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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
