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.
Arqiva, the British telecommunications infrastructure company, which owns television masts across the UK and charges fees to broadcasters for distributing their programmes over the airwaves, is reported to be planning to make more than 500 jobs, a third of its workforce, redundant.
According to industry experts, the restructure is partly prompted by the decline of traditional television broadcasting due to the increased popularity of online streaming services, which has been accelerated by the coronavirus crisis.
Arqiva, which is owned by an international investment consortium, has recently sold its mobile phone mast business to the Spanish company, Cellnex Telecom.
Eurofound (2020), Arqiva, Internal restructuring in United Kingdom, factsheet number 101456, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101456.