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 owner of Dixons and Currys, DSG, is looking to cut office jobs as part of a £20 million ($35 million) savings drive. The firm, which employs more than 40,000 in UK and Europe, will not be calling for compulsory redundancies but will lose posts through staff turnover. It did not comment on media reports that 1,000 jobs could face the axe.
DSG, which has 2,000 staff at its Hemel Hempstead head office, said 150 jobs would be cut by the outsourcing of its internal IT support operations to a firm with offices in the UK and India. The group has said it is wary about future trading as consumer confidence remains low 'particularly in the UK, Italy and Greece'.
Eurofound (2006), Dixons, Internal restructuring in United Kingdom, factsheet number 62880, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62880.