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.
In April 2014, the UK cigarette manufacturing multinational, Imperial Tobacco Group (35,000 employees world-wide) announced 900 job cuts with the closure of cigarette factories in Nottingham (UK) and Carquefou near Nantes (France). The reorganization plan will reduce the workforce by 900. Employee representatives have been informed and consultation processes are underway. "A comprehensive range of measures to support employees will be discussed as part of the consultations", explained the company management. The aim is to "secure the sustainable future of the business" by saving £300 million a year from September 2018. About 540 jobs will be lost in Nottingham and 360 in Carquefou.
Eurofound (2014), Imperial Tobacco, Closure in European Union, factsheet number 76954, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76954.