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.
Defence company BAE Systems announced today that it plans to cut 946 jobs at sites across the UK. The company blamed the job losses on the changes in the defence programme announced in December, together with "other workload changes". 740 jobs will be cut from English sites in Brough, Chadderton, Farnborough, Samlesbury and Warton. A further 206 jobs will be cut across 12 sites in the UK by the end of 2011.
Update 11/4/11
BAE has announced that 230 jobs will be cut. These cuts will be made on 3 sites. Around 100 jobs are to go at the Scotswood Road factory in Newcastle; 70 in Wolverhampton and a further 60 at other sites including Farnborough. These job losses form part of the potential 2447 jobs that BAE systems announced may be cut in 2011.
Eurofound (2010), BAE Systems, Internal restructuring in United Kingdom, factsheet number 70936, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70936.
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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