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.
Lloyds Banking Group has announced that 460 jobs (including 360 full-time roles) are to be cut following the sale of its Halifax estate agency business to LSL Property Services for £1. The majority of employees currently employed in the business will be transferred to the new owner. These branches will be rebranded with one of LSL's existing brands: Your Move, Reeds Rains or Intercounty. Most of the job cuts will be amongst staff running banking counters within estate agents, but the company has said that it will try to avoid compulsory redundancies.
Eurofound (2009), Halifax, Internal restructuring in United Kingdom, factsheet number 69715, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69715.