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.
Information / Computing 62 - Computer programming, consultancy and related activities 62 - Computer programming, consultancy and related activities 62 - Computer programming, consultancy and related activities
60 jobs Number of planned job losses
Announcement Date
24 October 2008
Employment effect (start)
Foreseen end date
Description
Rightmove, a company that advertises property on the internet, has announced that it is to cut 60 jobs. Currently 313 people work for the company, which has attributed the job losses to the slowdown in the UK property market. As of 26 October 2008, it has not been announced when or at which offices these redundancies will occur.
Sources
24 October 2008: Financial Times
24 October 2008: The Guardian
Citation
Eurofound (2008), Rightmove, Internal restructuring in United Kingdom, factsheet number 67273, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67273.