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.
Public Administration And Defence Public Administration And Defence; Compulsory Social Security Public Administration And Defence; Compulsory Social Security 84 - Public administration and defence; compulsory social security
200 jobs Number of planned job losses
Announcement Date
29 January 2009
Employment effect (start)
Foreseen end date
31 December 2009
Description
Plymouth City Council is to cut 200 jobs by the end of 2009. The cuts were blamed on the current economic turmoil and more specifically, on the Icelandic collapse. £13m of the council money were deposited in banks involved in Icelandic investments and therefore it is unlikely that the whole sum could be reclaimed.
Sources
29 January 2009: BBC News
Citation
Eurofound (2009), Plymouth City Council, Internal restructuring in United Kingdom, factsheet number 68017, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68017.
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