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.
High Street bank Lloyds TSB is to cut 566 jobs as it attempts to reduce costs in its back office operations. Posts will go in London and Tonbridge in Kent and will also see three offices close in Glasgow, Chorley in Lancashire and Newton Aycliffe in County Durham. Lloyds TSB is also relocating hundreds of staff in Birmingham, Bristol and Brighton as part of a strategy to operate fewer, larger offices.
Eurofound (2006), Lloyds, Internal restructuring in United Kingdom, factsheet number 63137, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63137.