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.
It has been reported that IT company Tech Mahindra has confirmed the loss of 200 jobs from its offices in Belfast, Northern Ireland. The losses are expected to take effect on 3 January 2016. The job cuts follow the loss of a contract with the mobile phone and Internet provider EE. The contract is not being reallocated; EE are taking the work in-house. The loss of the contract is particularly damaging for Tech Mahindra as it formed the 'primary source' of income for the company. A spokesman for the company stated that they will offer compensation and adequate aid with job transitions for the affected employees.
Eurofound (2015), Tech Mahindra, Closure in United Kingdom, factsheet number 85397, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85397.