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.
Royal Mail's chairman Allan Leighton has indicated that between 10,000 and 12,000 will leave within the next three months as local delivery offices implement a series of changes, including the ending of the second daily postal delivery. These job losses follow two previous waves of 10,000 and 3,000 job losses that have occurred in the past two years. They are a part of a turnaround plan which involves an envisaged 30,000 job losses over three years that seeks to prepare the organisation for the increased competition that will be created by the gradual stripping of its monopoly on delivering letters in the UK by regulator Postcomm.
Eurofound (2003), Royal Mail, Internal restructuring in United Kingdom, factsheet number 60074, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60074.