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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Administration Of The State And The Economic And Social Policy Of The Community 84.11 - General public administration activities
100 jobs Number of planned job losses
Announcement Date
6 December 2016
Employment effect (start)
Foreseen end date
Description
Redcar and Cleveland Council has confirmed that it will make budget cuts of over GBP 25 million (€30 million) over the coming three years, which will result in 100 job cuts. The cuts were widely anticipated and had been reported as likely about a week before news of the confirmation. The cuts will go ahead despite the council simultaneously approving a GBP 8 million (€9.5 million) growth plan. The council has stressed that it will look to keep compulsory redundancies to a minimum. Various councils have made similar cuts as a result of reductions in central Government funding.
Sources
6 December 2016: Business Daily
28 November 2016: BBC Website
Citation
Eurofound (2016), Redcar and Cleveland Council, Internal restructuring in United Kingdom, factsheet number 89401, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/89401.
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