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.
British Airways has announced plans to cut 1200 jobs. The cuts are blamed on a revenue fall of 13.7% to £4.1bn over the six-month summer holiday season , compared with £4.75bn in 2008. As of 9 November 2009 no specific date has been given for the implementation of the redundancies. However, the latest announcement means that the airline will have cut a total of 4,900 positions by March 2010.
Eurofound (2009), British Airways, Internal restructuring in United Kingdom, factsheet number 69801, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69801.