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 500 jobs are to go in Northern Ireland's water industry, it has been confirmed. Katharine Bryan of Northern Ireland Water said the redundancies are needed to help reduce costs. She said the current workforce of about 1,900 will be cut to 1,400 as part of a new strategic business plan. The jobs will go over three years and will hit the firm's industrial division as well as engineering, administration and scientific divisions. 'It's not all bad news, it sounds a lot but in fact we have been able to transfer quite a significant number of people, almost 300, back to the civil service ahead of the new company being created,' she said. The job losses will prove controversial as the water company is still trying to improve its performance in cutting leaks.
Eurofound (2007), Northern Ireland Water, Internal restructuring in United Kingdom, factsheet number 65339, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65339.