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.
South West; Gloucestershire; Wiltshire and North Somerset
Location of affected unit(s)
Sector
Professional Services Professional Legal And Technical Acconuting Activities Legal And Accounting Activities 69.2 - Accounting, bookkeeping and auditing activities; tax consultancy
200 jobs Number of planned job losses
Announcement Date
11 February 2013
Employment effect (start)
Foreseen end date
Description
JP Morgan has announced plans to close down its offices in Swindon resuting in the loss of 200 jobs. Staff will continue to work at company offices in Lydiard Fields for another year before the closure. The company plans to offer relocation packages to its employees. As of February 2013 there is no information on when the job cuts will be implemented.
Sources
11 February 2013: BBC News
Citation
Eurofound (2013), JP Morgan, Internal restructuring in United Kingdom, factsheet number 75018, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/75018.
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