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.
The Children's Society is set to cut 115 jobs — more than 10% of its workforce — in a bid to save £5 million a year. The charity has been experiencing financial difficulties for years. At a time when charities are operating in a very competitive climate, it is essential to be able to demonstrate to donors that their money is well spent, i.e. spent on beneficiaries, not staff. Unions point out that these cost reduction measures take very little into account the increasing problems of stress and burn-out of staff in the voluntary sector.
Eurofound (2003), Children's Society, Internal restructuring in United Kingdom, factsheet number 59228, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59228.