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.
KCom, a communications and IT services provider, is to cut 150 jobs at its plants in Hull, Bakefield and Hemel Hempstead. The cuts, which amount to more than 10% of the staff employed at its managed services division, are blamed on a decline in company revenues. The firm employs 2,519 staff across the UK. As of 30 January 2009 there is no information on when the job losses will occur.
Eurofound (2009), KCom, Internal restructuring in United Kingdom, factsheet number 68016, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68016.