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.
Perkins Engines, a manufacturer of diesel engines, is to cut 450 jobs at its site in Peterborough. The cuts were blamed on the current economic conditions and will affect 100 office staff and 350 hourly-paid employees. Most of the job losses will be compulsory redundancies but the company also announced a voluntary severance scheme for its hourly-paid employees. As of 27 January 2009 there is no information on when the job losses will occur.
Eurofound (2009), Perkins Engines, Internal restructuring in United Kingdom, factsheet number 68022, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68022.