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.
Barclaycard, the subsidiary of the multi-national financial services group Barclays, has announced that it is to close its site in Crawley in West Sussex with the loss of approximately 250 jobs. The firm will relocate the work to a site it operates in Milton Keynes in Buckinghamshire. Management stated that affected workers would be offered jobs in Milton Keynes and that those who did not want to move would be provided with support to find new work. Paul Fabara, the Chief Operating Officer of Barclaycard, stated,
‘We are doing everything we can to offer our colleagues support and help them through this period… To stay successful we must constantly review how we deploy our resources and manage our business. This is part of that process.’
As of February 2008 there is no information on when the job losses will be implemented by.
Eurofound (2008), Barclaycard, Relocation in United Kingdom, factsheet number 66316, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66316.