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.
Telecommunications company Cable & Wireless announced plans to cut up to half its UK workforce on 28th February, shedding 3,000 jobs by the end of the decade as it tries to revive the fortunes of it's ailing UK business. The move is part of the strategy of the new head of the UK business, and the announcement has been met with anger by Unions at the company. The job losses are expected to particularly effect Cable & Wireless's headquarters in Bracknell, Berkshire, but it also has operations in Leeds, Liverpool, Manchester and Reading.
Eurofound (2006), Cable & Wireless, Internal restructuring in United Kingdom, factsheet number 63150, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63150.