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.
Alliance & Leicester the bank are to cut around 350 staff at offices in Merseyside as part of an efficiency drive. The posts will go through voluntary redundancies at Bootle, where the company employs 2,000 of its 8,000-strong workforce. The bank said efficiency improvements meant its UK call centre staff could now answer a higher number of enquiries usually handled by back office staff. Redundancies in 2006 are expected to cost the firm between £20 million and £25 million.
Eurofound (2006), Alliance & Leicester, Internal restructuring in United Kingdom, factsheet number 62851, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62851.