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.
Homebase, a retailer of home improvement equipment and member of the Home Retail Group, is to cut 200 jobs across the UK as a reaction to a steep decline in demand. The cuts are part of a wider cost-reduction plan announced by the company a month ago. The company aims to cut costs by £40m in the current year. As of November 2008 there is no information on when the job losses will be implemented by.
Eurofound (2008), Homebase, Internal restructuring in United Kingdom, factsheet number 67349, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67349.