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.
Nestor Healthcare, the medical staffing company, is laying off 1,200 people after its failed bet that changes to the contracts of General Practitioners would lead to more private sector work covering out-of-hours calls. The company unveiled a restructuring plan that will result in the closure of a fifth of its branches across the country and its state-of-the-art call centre in Sheffield. The workforce will shrink from 4,700 to 3,500. In total, 51 Nestor branches will close, with the bulk of the job losses - 800 - falling at the Primecare branch network. Some 250 jobs will also go in Sheffield with the closure of one of two call centres built to accommodate the expected demand for out-of-hours doctors. Nestor is keeping open the centre in Birmingham.
Eurofound (2004), Nestor Healthcare, Internal restructuring in United Kingdom, factsheet number 60531, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60531.