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 merger of two building firms, Barratt Developments and Wilson Bowden, means that up to 400 jobs at the two firms will be lost. It is uncertain how many redundancies will be made, as the firms hope redundancies will be minimised through natural staff turnover and redeployment. The job losses will occur in the head offices of the firms in Leicestershire and Newcastle. Chief executive Mark Clare said: 'It is always regrettable to have to announce redundancies but we have acted swiftly to remove the uncertainty employees have inevitably faced.' 'We will do everything we can to ensure that we integrate the businesses as quickly and as smoothly as possible.'
Eurofound (2007), Barratt Developments/Wilson Bowden, Merger/Acquisition in United Kingdom, factsheet number 65314, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65314.