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.
HS2, the company building the high-speed railway connecting London and the north of England, has announced that it is creating 500 jobs, 300 of which will be based in Birmingham.
The recruitment process is already underway, and it will be concluded in the next three months. The new positions include engineer, project manager, client services, finance and human resources roles.
The construction of the high-speed railway line is currently the largest infrastructure project in Europe. The new railway lines will run between London, Birmingham, Manchester and Leeds, enabling trains to reach speeds of up to 250 mph. The project has been delayed and faced concerns over spiralling costs and the potential environmental damage caused by the construction works.
HS2 is the company charged to develop and promote the UK's new high-speed rail network. It is funded by the UK government.
Eurofound (2020), HS2, Business expansion in United Kingdom, factsheet number 101394, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101394.