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.
Independent News and Media owns newspapers in England, Australia, New Zealand and South Africa. In England, it owns the Independent, the Independent on Sunday and the Belfast Telegraph. Sir Tony O'Reilly (the company's owner)announced a £38 million restructuring programme affecting 600 employees worldwide. This represents a 5% cut in the total workforce. The cuts are to take place in the clerical and back-office activities. The company has already sold its regional papers in London.
Eurofound (2003), Independent News and Media, Internal restructuring in World, factsheet number 59360, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59360.