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.
Private provider of probation services Sodexo has announced plans to cut 700 jobs over the next twelve months.
The job cuts are understood to be part of a cost-cutting measure which will allow offenders to report in using a cash-machine kiosk, rather than reporting to a probation officer. It is understood that the majority of redundancies will occur from September and will be on a compulsory basis. Sodexo has said that it will not honour a voluntary redundancy scheme which was agreed between the Justice Secretary and the unions at the time of the privatisation in February. Given the numbers which are involved in the redundancies a formal consultation will take place.
The company operates 6 of the 21 newly privatised community rehabilitation companies in England and Wales.
Eurofound (2015), Sodexo, Internal restructuring in United Kingdom, factsheet number 79217, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/79217.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
