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.
Up to 200 jobs are to be lost as council bosses in Newcastle struggle to make budget savings of more than £8 million. Newcastle City Council said it intended to keep a planned Council Tax rise to a below-inflation 2% in 2006. But a spokesman said the plans could result in up to 200 posts being lost in as yet unspecified departments. The council said it had plans to reduce spending by about £8 million, including savings of £3 million on travel, supplies, printing, insurance costs and office accommodation.
Eurofound (2005), Newcastle City Council, Internal restructuring in United Kingdom, factsheet number 62707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62707.