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.
B&Q is expected to cut 400 jobs as the DIY chain's parent company, Kingfisher, seeks to shore up profits in the face of a consumer spending slowdown. The cuts are part of a strategic review by Ian Cheshire, the new chief executive of B&Q who took up the post in July 2005. The posts will go from the company's Southampton headquarters, which employs 1,400 people. Staff at B&Q's 338 stores around Britain, which have a 39,000-strong workforce, are not thought to be under immediate threat. The expected job cuts come as the British Retail Consortium and KPMG prepare to publish high-street sales figures tomorrow. Like-for-like sales for August 2005 could show a decline of about 1%, according to weekend reports. Categories sensitive to B&Q's business, led by housing, DIY and home furnishing, have been under the most pressure from waning consumer confidence since August 2005.
Eurofound (2005), B&Q, Internal restructuring in United Kingdom, factsheet number 62186, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62186.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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