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.
South West Trains, a train operating company, has announced that it is to cut 660 jobs. The company attributed the cuts to reduced passenger growth. The RMT union condemned the job losses and did not rule out a ballot for industrial action. As of 4 February 2009, it is not known when the job cuts will be made, or how many staff the company will continue to employ.
Eurofound (2009), South West Trains, Internal restructuring in United Kingdom, factsheet number 67838, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67838.