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 East; Hampshire and Isle of Wight; Hampshire CC
Location of affected unit(s)
Isle of Wight
Sector
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
500 jobs Number of planned job losses
Announcement Date
20 January 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
The Isle of Wight Council is to cut 205 jobs. The cuts are blamed on the current economic downturn and they were deemed necessary in order to improve efficiency and to avert possible council tax increases. 135 jobs will be lost by the end of 2009 while the remaining 70 jobs will be lost gradually over the next three years.
UPDATE 24.2.11
The Isle of Wight has announced it is to cut 500 jobs after £18m of budget cuts were approved by councillors. The council has approved plans to close 5 libraries and 27public toilets. Initially the council planned to close 9 of the islands libraries but following consultation has decided 4 of these would remain open.
Sources
20 January 2009: BBC News
Citation
Eurofound (2009), Isle of Wight Council, Internal restructuring in United Kingdom, factsheet number 67930, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/67930.
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