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.
RBS has announced plans to cut 500 jobs as a part of a three-year restructuring plan. The jobs will go from its wealth management division which employs about 3,500 staff across the UK. RBS stated that it would try to minimise compulsory redundancies. The bank has been trying to cut costs since the massive government bail-out to save it from collapse in 2007.
Eurofound (2010), Royal Bank of Scotland, Internal restructuring in United Kingdom, factsheet number 70618, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70618.