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.
Union leaders said Vauxhall was looking to cut some 430 jobs from its British workforce of about 7,500 as part of plans by its parent company, General Motors, to shed up to 12,000 jobs across its loss-making European operations. 340 jobs are expected to go at the Ellesmere Port plant in Cheshire and another 94 at the van manufacturing facility in Luton, according to the Transport & General Workers Union. Dave Osborne, T&G national secretary for the car industry, said: ‘Obviously we are disappointed that there are a number of jobs that General Motors plan to cut in the UK, particularly given the levels of efficiency achieved in the last year.'
Eurofound (2004), Vauxhall, Internal restructuring in United Kingdom, factsheet number 60674, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60674.