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.
London Underground has announced plans to cut 750 jobs. This is due to a cost-savings plan, aimed at saving GBP 50 million per year via the closure of ticket offices, amongst others.
The company stated that it would seek to avoid compulsory redundancies. Labour unions have announced strikes that might take place in early February.
In 2012, London Underground had announced the recruitment of 300 new staff.
Eurofound (2014), London Underground, Internal restructuring in United Kingdom, factsheet number 76420, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76420.