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.
Boots, the health and beauty retailer, today announced plans to cut 2,250 jobs as it reorganises its warehouse operations. The retailer has been changing its supply chain in the last two years by transferring sorting work to its regional and central warehouses. 'The reconfigured supply chain will further reduce stock holding, improve productivity and lower property costs. When completed, the reconfiguration will result in job losses, estimated to be around 2,250,' the company said.
Boots said the three-year timescale for the changes to its supply chain meant that there was a good opportunity to minimise redundancies through natural wastage.
Eurofound (2006), Boots, Internal restructuring in United Kingdom, factsheet number 63131, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63131.
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