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.
Virgin Atlantic, the UK-based airline, has announced that it is closing down its contact centre at its headquarters in Crawley, England, making 150 employees redundant. According to the company’s spokesperson, the statutory consultation period with affected staff members has already started. The company is restructuring its contact centre operations by bringing all contact centre operations to another existing site in Swansea, Wales. A spokesperson for the company said: “Being located together will make it easier to operate a large 24/7 contact centre operation”.
The company’s Crawley site is the airline’s main training centre for crew, contact centre and engineering staff.
Eurofound (2018), Virgin Atlantic , Closure in United Kingdom, factsheet number 94693, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94693.
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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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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