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.
Virgin Media, a cable TV, phone and broadband operator, is to cut 2,200 jobs by the end of 2012. The cuts amount to about 15% of the workforce and are part of a wider cost-cutting plan aiming to improve the company's cashflow by £120m over the next four years.
As part of the announced redundancies, in March 2009, the company revealed plans to close its call centre in Nottingham by October 2009 with the loss of nearly 150 staff. The cuts will affect 113 sales staff and 35 support staff. The 35 support staff will be made redundant by July 2009. Also, on 7 May 2009, the company announced plans to cut 332 jobs from its Dudley site. The company entered a three-month consultation period with employees and trade unions, and 20% of the staff were redemployed to other positions. On 14 August 2009, the company announced plans to close its customer service department in Black Country with the loss of 250 jobs by the end of October 2009.
Eurofound (2008), Virgin Media, Internal restructuring in United Kingdom, factsheet number 67369, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67369.
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...
