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.
Ford is to cut 850 jobs across the UK. The job losses are blamed on falling demand for commercial vans and they will affect workers in Southampton (500 staff), Essex, Northamptonshire, Merseyside and south Wales. The announced redundancies follow the company's recent decision to introduce pay cuts in order to maintain jobs. UNITE and GMB unions accused Ford of intending to use the pay cuts for redundancy compensation and did not rule out a ballot for industrial action unless the company reconsidered its plans. The losses will occur by May 2009.
Eurofound (2009), Ford, Internal restructuring in United Kingdom, factsheet number 68090, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68090.