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.
Energy companies, E.ON, is to cut 500 jobs in its offices in Nottingham and Coventry. The move comes barely a week after increasing gas prices by 18% and electricity bills by 11%.
The cuts were blamed on the sale of its distribution business and a need to keep overheads low to benefit customers. Others have suggested that the the company had also switched a lot of work back to its head office in Dusseldorf.
Unions have welcomed the companies commitment to attempt to find the losses through voluntary means.
Eurofound (2011), E.ON, Internal restructuring in United Kingdom, factsheet number 72397, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72397.