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.
More than 150 jobs are being cut at East Midlands-based airline BMI in its accounting department. A new form of accounting using computers are to be introduced at the firm, resulting in the losses.The firm is creating 21 new posts and the total number of compulsory redundancies is expected to reach 100. Jed Purkis from the GMB union, said: 'People have been told that the company purchased a new computer system in the revenue accounts department. As a result of that they may ask the supplier of the system to actually take on the work in India. We will now ask to consult and negotiate on the possibility of that happening and the way to negate or mitigate any possible redundancies arising from it.'
Eurofound (2006), BMI, Offshoring/Delocalisation in United Kingdom, factsheet number 62818, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62818.