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.
XLN has announced that it is to create 300 new jobs as it looks to expand. The services company which provides phone and broadband, card processing and energy services to business users will house its sales and account management teams in the new site at One North Bank, Sheffield. The company currently employs 250 people at its London site and has been looking to expand its business by taking up new accommodation in other cities for some time.
It is reported that recruitment for these positions has already started in advance of the new premises opening on 9 September 2014. It is reported that the positions will be filled over a five year period. One source reports that the total number of jobs created could be as high as 400 if XLN decide to take space on another floor.
Eurofound (2014), XLN, Business expansion in United Kingdom, factsheet number 77501, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77501.