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.
French owned car manufacturer Peugeot Citroen is reported to be cutting 150 jobs across two sites in the West Midlands. Currently 750 people are employed at the Pinley House and Tile Hill sites; the cuts amount to 20% of the current workforce. The Unite union has confirmed that it has been informed that a formal consultation period will now start. The company has said that it hopes to achieve the cuts through voluntary redundancies. The company has been a significant employer in the region for some time, though this has diminished since the closure of the Ryton Peugeot plant in 2006.
Eurofound (2014), Peugeot Citroen, Internal restructuring in United Kingdom, factsheet number 77922, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77922.