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.
Marks and Spencer, a retailer, is to cut 1,230 jobs across the UK. Twenty-five of its smaller ‘Simply Food’ stores will close, together with two regular stores in Croydon and Woking, with the loss of 780 jobs. 450 jobs will also be cut at the company’s head office in London. The company stated that it was reacting to the difficult retail climate in the UK. The company employs 75,871 people across the UK, although as of 11 January 2009 no announcement has been made as to when these jobs will be cut.
Eurofound (2009), Marks and Spencer, Internal restructuring in United Kingdom, factsheet number 67775, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67775.