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.
Rail maintenance company Jarvis have announced 1100 jobs are to be lost across the UK after it went into administration last week.
Only the facilities management part of the group, Jarvis Accommodation Services, will continue trading as normal; administrators Deloitte said that there has been "a significant amount of interest" in it. Rail engineering arm Jarvis Rail and suppliers of rail repair equipment Fastline will close. Rail unions blamed the financial difficulties leading to the redundancies on spending cuts by the company's largest customer, Network Rail. Trade union RMT is seeking an urgent meeting with Lord Adonis, the Transport Minister. Gerry Doherty, general secretary of the Transport Salaried Staffs Association, said: "The government should have long since intervened to stop Network Rail from laying waste to our rail industry. Unfortunately they haven't and nothing has been done to safeguard any of the jobs or skills lost."
However Network Rail claim they are not responsible for Jarvis going into administration.
Eurofound (2010), Jarvis, Internal restructuring in United Kingdom, factsheet number 70394, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70394.
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