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.
E.On, an energy firm, is to cut 450 jobs across the UK. 40 of the jobs will occur in Lanarkshire with the closure of the firm's call cente, while the remaining job losses will occur in its plants in Coventry, Nottingham and in Dudley area. The cuts are part of wider internal restructuring plans in order to maintain a sustainable retail business and aim to compensate for the company loss in retail for the past two years. The firm hopes to keep compulsory redundancies to a minimum by considering alternative options. As of 29 January 2009 there is no information on when the job losses will be implemented by.
Eurofound (2009), E.On, Internal restructuring in United Kingdom, factsheet number 68020, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68020.