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.
Cable & Wireless is cutting 600 jobs and quitting its central London headquarters of 50 years as it carries out another restructuring of its core UK business in the face of fierce competition and flat revenues. It marks yet another restructuring for a business that has pulled out of the US and Japan and cut 1,500 jobs over the past year. Half the jobs will be lost in Britain, where the company is moving to Bracknell, Berkshire next February from the premises on London's Theobalds Road it opened in 1955. The rest of the job losses will fall in France and Germany as C&W cuts it staff in mainland Europe by more than half.
Eurofound (2004), Cable & Wireless, Internal restructuring in United Kingdom, factsheet number 60744, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60744.