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.
Nortel Networks UK, a telecoms company, is to cut 150 jobs across the UK after going into administration in January 2009. The posts are being cut from the Maidenhead headquarters, Newtownabbey in County Antrim and Harlow, Essex, according to former workers. The cuts were blamed on falling revenues. No redundancy pay was given to employees, in order to secure the company's future according to the administrators.
Eurofound (2009), Nortel Networks Corporation, Internal restructuring in United Kingdom, factsheet number 69204, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69204.