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.
Restructuring at Boots, the struggling high street chemist, carries on in a drive to cut costs and reposition the company's business. On 15 January 2004, after the 2,200 jobs lost in 2003, it is now 900 people who are to loose their job at Boot's head office in Nottingham. Unions were appalled to hear the news in the press, as employees were not consulted on the matter. On 24 January 2004, Boots announced an additional 600 jobs to be cut. These positions will be outsourced. The staff affected are likely to be transferred to whomever wins the outsourcing contracts. Under the Tupe regulations, they will retain their terms and conditions but could lose valuable pension benefits.
Eurofound (2004), Boots, Internal restructuring in United Kingdom, factsheet number 59677, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59677.