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.
250 jobs are to go at Oldham Council in order to cut a budget overspend of nearly £10 million. It is not known which staff will be affected at the council, but compulsory redundancies have not been ruled out. The authority says it hopes the losses can be achieved through natural wastage, redeployment, early retirement and voluntary redundancies. It says the cuts are necessary to ensure key services are not affected.
Eurofound (2004), Oldham Council, Internal restructuring in United Kingdom, factsheet number 60787, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60787.