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.
Job losses are expected following the news that the supermarket chain Tesco is planning to close one of its distribution centres in Northampton. As part of a business review Moulton Park depot will close and some of the work from the Brackmills depot will transfer to Daventry and south Wales. More than 200 people work at both depots in Northants but the extent of the job losses is not yet known. Tesco said it may consider requests from staff for voluntary redundancy. The Union Shop, Distributive and Allied Workers (Usdaw) said it would explore all the options available to the affected staff and, if there were redundancies, it would make sure the best packages available were offered. In a statement, Tesco said it was discussing various options with everyone affected, including considering requests for voluntary redundancy. It was also possible that some staff will be found other roles elsewhere within Tesco, the company said.
Eurofound (2006), Tesco, Internal restructuring in United Kingdom, factsheet number 63154, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63154.