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.
Channel 5, a television broadcaster, is to cut around a quarter of its workforce. The London-based company, which employs 354 people, is to cut 87 staff as it attempts to reduce costs to meet its falling advertising revenue. As of 8 March 2009 no details have been released as to when these jobs will be cut.
Eurofound (2009), Channel 5, Internal restructuring in United Kingdom, factsheet number 68444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68444.