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.
National Australia Bank (NAB), owner of Yorkshire and Clydesdale banks, will make 1,400 staff redundant by 2015 including 730 staff across the UK within the next few months as part of a major restructuring plan. The bank will close dozens of branches in South England as well as the Midland's region. The restructuring is blamed on the low prospects of the British branches coupled with troubled economic conditions.
Eurofound (2012), National Australia Bank (NAB), Closure in United Kingdom, factsheet number 74000, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74000.