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.
Supermarket Tesco is to axe up to 400 jobs at a distribution centre following a review of its network. The jobs will go at the automated picking operation at Fenny Lock, in Milton Keynes, which employs 1,500 workers. The company said it would try to find the sacked workers alternative roles in Tesco. A company spokesman said: 'We have to regularly review our distribution network to ensure we can deliver the very best service to both stores and customers. Consequently we no longer plan to operate the automated picking operation in Fenny Lock. Subject to consultation with trade unions, the trunking operation will close by the end of September.'
Eurofound (2007), Tesco, Internal restructuring in United Kingdom, factsheet number 65553, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65553.