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.
The Land Registry, a government body which registers all land ownership transactions in England and Wales, has announced plans to cut up to 1500 jobs. The cuts are blamed on the economic downturn and they are part of wider cost-cutting plans aimed at a 'more flexible and leaner organisation' which will reflect the move to more online transactions. The Registry plans to close 5 local offices (Croydon, Peterborough, Portsmouth, Stevenage and Tunbridge Wells), to merge two offices in Plymouth and to outsource some support functions. As of 26 October 2009 no date has been given for the implementation of the cuts. However, the Registry has launched public consultation on the planned closures and final decisions will be made in February 2010.
Update 17/03/10
200 jobs to be lost as Land Registry office in Portsmouth closes by 28 February 2011. 50 staff will be kept on until 31 March 2013, but the rest of the staff will have to obtain transfers to other offices or find new employment. Offices in Stevenage and Tunbridge Wells will also close, although no further details were given regarding these.
Eurofound (2009), Land Registry, Internal restructuring in United Kingdom, factsheet number 69738, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69738.