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.
HSBC, one of Britain's largest banks, has announced that it is to cut 500 jobs across the UK. The jobs will be lost at offices in London , Leeds, Birmingham, Sheffield and Chester, although no retail customer-facing jobs in branches or call centres will be lost.The company employs 330,000 people worldwide, although it is not known how many of these work in the UK. As of 7 December 2008, no information has been given as to when the job cuts will occur.
Eurofound (2008), HSBC, Internal restructuring in United Kingdom, factsheet number 67573, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67573.