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.
Diageo, active in the manufacture of distilled potable alcoholic beverages such as Smirnoff, Johnnie Walker, Captain Morgan, etc. announced a world-wide restructuring plan due to its acquisition of Seagram. 1,600 jobs are affected.
In September 2003, the company announced restructuring could affect until 2,500 jobs world-wide by the end of 2005. To date, 1,800 workers have yet left the group.
Eurofound (2002), Diageo, Merger/Acquisition in World, factsheet number 59919, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59919.