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.
As a part of the £30 million restructuring of the BBC World Service, part of the funding is being raised by the closure of 10 foreign language services - with the loss of 218 jobs. At the same time the BBC World Service is to launch an Arabic television news channel in 2007, the corporation has confirmed. The NUJ and Bectu unions have condemned news of the closures and job losses as a ‘bitter' and ‘devastating' blow. Broadcasting union Bectu said: ‘While we would normally welcome the BBC's expansion into Arabic TV without hesitation, we cannot ignore the potential threat of hundreds of compulsory redundancies'. Overall, 236 positions will be closed as a result of overall restructuring and 201 will be created through new investment.
Eurofound (2005), BBC World Service, Closure in United Kingdom, factsheet number 62433, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62433.