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.
Arts / Entertainment Arts, Entertainment And Culture Creative, Arts And Entertainment Activities 90.02 - Support activities to performing arts
400 jobs Number of planned job losses
Announcement Date
16 July 2020
Employment effect (start)
Foreseen end date
Description
The Southbank Centre, the UK’s largest arts complex, which is located in central London, has confirmed plans to cut 400 jobs, two-thirds of the workforce across all levels of the organisation. Redundancy consultations with the affected staff have already started.
A statement by the senior management of the Centre said the job cuts were necessary to stem the financial losses caused by the Covid-19 pandemic and to help safeguard the Centre’s future.
The Southbank Centre includes arts venues such as the Hayward Gallery and the Royal Festival Hall. The Centre is likely to remain closed until April 2021.
Eurofound (2020), Southbank Centre, Internal restructuring in United Kingdom, factsheet number 101569, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/101569.
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