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.
Barclays, a bank, has announced that it is to cut at least 2,100 jobs from its staff across the UK. These job losses are in addition to the 2,100 jobs that the company announced that it would be cutting globally, a proportion of which may be lost in the UK, and the over 400 IT support job losses announced in early January 2009. The job losses will take place across the UK, although as of 18 January 2009 it has not been announced when these jobs will be lost. The bank, which employs around seventy thousand people in the UK, is attempting to reduce costs as a result of current economic conditions.
For further information, see the EIRO report.
Eurofound (2009), Barclays, Internal restructuring in United Kingdom, factsheet number 67810, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/67810.
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