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.
Rolls-Royce, a company that operates in the engineering sector, has announced that it is to cut up to 2,000 jobs during 2009. The company employs around 39,000 people worldwide, with 22,000 of its workforce in the UK. 150 jobs will be lost at its East Kilbride site in Scotland currently employing 1,100 staff and the company committed to implement most of the losses through voluntary severance and natural attrition. Rolls-Royce has also opened discussions about cutting 140 jobs at their Assembly and Test department in Derby in the East Midlands. The company blamed the job losses on both global economic conditions and delays on the Airbus A380 and Boeing 787 projects.
In February 2009, the company announced 100 additional redundancies and in December 2009 a further 78, both in its East Kilbride site and both included in the numbers announced in December 2008.
Eurofound (2008), Rolls Royce, Internal restructuring in United Kingdom, factsheet number 67424, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67424.