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.
Crisp manufacturer Walkers is reported to be making job cuts at one of its factories in Leicester. The company is owned by US food and drink multinational PepsiCo. The Bursom road site in Leicester employs 381 people and it is understood that 56 of these positions are to go. A spokesperson for the company commented that the factory is to undergo a major overhaul, and job cuts are required in order for the company to remain competitive. A formal consultation process will be entered shortly. The timetable for the job losses will be announced following the consultation process.
Eurofound (2015), Walkers, Internal restructuring in United Kingdom, factsheet number 78543, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/78543.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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