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.
QinetiQ, a defence technology company, is to cut 400 jobs across the UK. The redundancies are blamed on a £38m income fall in its defence research market in 2008 and also on cuts in the Ministry of Defence's research budget. The company has already imposed a pay freeze for 2009. Trade unions claim that the cuts were announced without any consultation and they consider taking the company to an employment Tribunal. As of 25 May 2009 no date has been given for the implementation of the cuts.
Eurofound (2009), Qinetiq, Internal restructuring in United Kingdom, factsheet number 68974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68974.