Type
Internal restructuring
Country
United Kingdom
Region
Location of affected unit(s)
Sector
Health / Social Work
Human Health Services And Activities
Human Health Activities
86 - Human health activities

3,000 jobs
Number of planned job losses
Job loss
Announcement Date
8 June 2011
Employment effect (start)
Foreseen end date
31 October 2011

Description

Southern Cross, a care home provider, has announced plans to cut 3,000 jobs and expects the cuts to be completed by October, after a period of consultation with unions. Unions called for the government to step in with financial support. Southern Cross has already deferred 30% of its rent to landlords of its 750 homes as it tries to avoid bankruptcy.


Sources

  • 8 June 2011: BBC News

Citation

Eurofound (2011), Southern Cross, Internal restructuring in United Kingdom, factsheet number 72060, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/72060.