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.
Crisp manufacturer Walkers is reported to be making job cuts at one of its factories in Leicester. The company is owned by US food and drink multinational PepsiCo. The Bursom road site in Leicester employs 381 people and it is understood that 56 of these positions are to go. A spokesperson for the company commented that the factory is to undergo a major overhaul, and job cuts are required in order for the company to remain competitive. A formal consultation process will be entered shortly. The timetable for the job losses will be announced following the consultation process.
Eurofound (2015), Walkers, Internal restructuring in United Kingdom, factsheet number 78543, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78543.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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