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 energy company SSE has announced plans to cut 444 jobs which it has blamed on tough trading conditions and the government's energy price cap. Reports also suggest that low take-up of new energy meters by customers is a significant factor in the company's decision. The job losses will come from the customer service and meter installer sections of the business and enhanced redundancy packages are apparently being offered.
The geographical location of the job losses is not known, but it would appear likely that the company's head office in Perth will be affected. The head office currently employs around 2,000 workers. The timeframe for the job cuts has not been announced.
Eurofound (2019), SSE, Internal restructuring in United Kingdom, factsheet number 97715, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/97715.
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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