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.
Barclays Capital is to cut jobs across the world after a slowdown in activity. The unit of British lender Barclays Plc (BARC.L) will cut about 400 back-office jobs in Asia, Europe and the United States. The cuts will affect only the back-office staff.
The cuts come despite Barclays Capital announcing a 225pc increase in profits last week as the UK lender smashed City earnings forecast for the first six months of the year. However, top-line revenues were down sharply on 2009, with major divisions such as fixed income, currencies and commodities, and equities and prime services falling year-on-year.
Eurofound (2010), Barclays Capital, Internal restructuring in World, factsheet number 70825, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70825.