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.
ITV revealed the full scale of its planned cutbacks, which include the loss of 800 programme-making jobs and the closure of network production studios in Birmingham, Newcastle, Nottingham and Southampton by the end of the year. This is in addition to the 150 posts from ITV's airtime sales operation, following the merger of the Carlton and Granada sales houses earlier this year. The revelation of the extent of ITV's cost-cutting programme comes on the day the network's north-west broadcasting subsidiary, Granada, announced 59 redundancies at its Manchester-based studio resources joint venture with the BBC, 3sixtymedia. The job losses will push the total reduction in the broadcaster's payroll this year well in excess of 1,000 - or around 12% of the company's workforce of 8,500.
Eurofound (2004), ITV, Internal restructuring in United Kingdom, factsheet number 60428, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60428.