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 preparation for the merger of law firms CMS UK, Nabarro and Olswang in May 2017, the management teams of the firms have confirmed that 300 business support services and secretarial jobs will be cut. The affected employees have been made redundant and will leave the firms by the end of April 2017. After a review of business services support roles, 650 support staff have been offered positions in the merged firm, which will be known as CMS Cameron McKenna Nabarro Olswang. According to a statement issued by the three firms after the conclusion of the redundancy consultations, the majority of the job cuts will be carried out through voluntary redundancies.
Eurofound (2017), CMS Cameron McKenna Nabarro Olswang, Merger/Acquisition in United Kingdom, factsheet number 90599, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90599.