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 Royal Shakespeare Company (RSC) has announced that as part of a cost-saving programme in the wake of the COVID-19 crisis, it is planning to cut 158 jobs. Consultations with the affected staff at the Swan Theatre and The Other Place, located in Stratford-upon-Avon in the West Midlands, have already started. The RSC said it aimed to 'minimise' the number of compulsory redundancies.
The RSC’s Artistic Director said the company wanted to focus on its largest site, the Royal Shakespeare Theatre, which the company hopes to reopen in December, and added that the RSC continued to 'respond creatively' to the COVID-19 pandemic.
The RSC was established 140 years ago, and it performs Shakespeare’s works as well as plays by other writers, including contemporary plays. The company has three theatres and employs over 500 staff and creative freelancers.
Eurofound (2020), Royal Shakespeare Company, Internal restructuring in United Kingdom, factsheet number 102396, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102396.
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