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.
The roadside breakdown service, AA, has announced plans to cut 100 jobs. The company also confirmed that it will close its training centre near Melton Mowbray, which currently employs 15 people. The proposed job cuts are understood to be mainly administrative and office function roles, with approximately half the losses coming from the business's Basingstoke HQ.
The GMB union has accused the company of making these cuts in preparation for franchising the business, though the AA has denied that there are any such plans to franchise. The statutory period of consultation on the job losses will end on 24 February 2018.
Eurofound (2018), AA, Internal restructuring in United Kingdom, factsheet number 93078, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/93078.