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.
Three UK, incorporated as Hutchison 3G UK Limited, the British mobile telecommunications company has announced that it will cut 280 jobs at its head office in Maidenhead, England. The job cuts represent approximately 7% of the company’s workforce.
A spokesperson for Three said the company’s aim was to 'right size' the business and achieve 'greater alignment between the UK and Ireland'.
Three was the first mobile telecoms company in the UK to launch a 3G mobile network in 2003. The company is the British subsidiary of CK Hutchison Holdings, the Hong Kong-based global group of businesses.
Eurofound (2020), Three UK, Internal restructuring in United Kingdom, factsheet number 102033, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102033.