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.
UK postal services company Royal Mail has announced plans to cut 1,600 jobs and create 300 new roles by the end of 2015. This is to affect mainly managerial, support and administrative staff.
The job cuts are part of a package to reduce costs by GBP 50 million per year, and it is expected that these cuts will reduce costs by GBP 25 million in 2014 to 2015.
The company hopes to achieve the job cuts through natural turnover, redeployment and voluntary redundancy.
Consultations with Unite and Communication Workers Union (CWU) will begin at the start of April.
In 2012, Royal Mail announced it would close three of its UK mail centers with significant job losses.
Eurofound (2014), Royal Mail, Internal restructuring in United Kingdom, factsheet number 76772, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/76772.
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