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.
Thames Water, a large UK water company, is to cut 300 jobs. The cuts were blamed on the recession and the company reported revenue losses. The company claimed that the cuts would save the business £7m, but the unions called for more convincing evidence that there is an economic case for the restructuring. As of 28 January 2009 there is no information on when the jobs losses will occur.
Eurofound (2009), Thames Water, Internal restructuring in United Kingdom, factsheet number 68032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68032.