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.
Charity Tomorrow's People has announced plans to close following a substantial decline in its funding. The move puts 135 jobs at risk of redundancy. The charity is aimed at helping long-term unemployed people back in to work and had been receiving funding through the Government's flagship Work Programme. However, this payment-by-results model has not generated the revenue expected by the charity, and staff numbers fell from 195 to 135. The announcement of the closure does not set out when it will take effect.
Eurofound (2018), Tomorrow's People, Closure in United Kingdom, factsheet number 93749, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93749.