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.
The Devonport Naval Base will be cutting more than 300 jobs within the next three years. This is the base for refitting the UK's fleet of nuclear-powered submarines, says it needs to shed 114 civilian and 191 military workers. The losses, which represents about a quarter of the workforce, are part of a national cost-cutting exercise. Unions say they hope the jobs can be shed through natural wastage with voluntary redundancies a last resort.
Eurofound (2005), Devonport Naval Base, Internal restructuring in United Kingdom, factsheet number 61918, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61918.