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.
Barclays has announced plans to cut jobs from its operations in Leeds. The site, in the suburb of Beeston, is due for closure in November 2021 and currently employs around 1,100 staff who deal with mortgages, lending and complaints. Staff have now been informed that 280 jobs will be cut and of those, 115 positions will be relocated to Manchester, Liverpool and Sunderland. The redundancies are subject to the statutory period of consultation where alternatives to redundancy will be explored. However, reports suggest that the restructure is expected to be completed by the end of June 2019. Trade union Unite opposed the redundancies and called for the bank to reconsider.
Previous restructuring took place in 2018, when 171 jobs were lost.
Eurofound (2019), Barclays, Internal restructuring in United Kingdom, factsheet number 96671, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/96671.
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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