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.
IT company Logica will cut 700 UK jobs following its acquisition by the Canadian firm CGI. The redundancies account for more than 10% of the company's UK workforce. Similar activities are recorded in other EU countries, e.g. 250 jobs will be cut in Finland (see here) due to the merger.
As of 24 September, there is no timeline for the implementation of the job losses.
Eurofound (2012), Logica, Merger/Acquisition in United Kingdom, factsheet number 74145, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74145.