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.
Construction company Balfour Beatty has announced that it is to restructure and cut 650 jobs. The company has said that it is hoping to make savings of up to £50m per year in back office costs. Whilst the company anticipated that two thirds of its workforce would remain unaffected it has notified all 12,000 staff that their roles may be redundant.
Eurofound (2012), Balfour Beatty, Internal restructuring in United Kingdom, factsheet number 73654, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73654.