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.
Car maker Honda has announced that it is to scale back the activities of its production plant in Swindon with the loss of 340 permanent jobs and an additional 160 temporary jobs.
The job cuts were blamed on surpluses in production with no increase in the car sales forecast. The Swindon plant will change its work schedule from three shifts a day to two. The company made significant redundancies last year reported in the ERM.
The company hopes to reach the number of redundancies on a voluntary basis, but will examine statutory or compulsory redundancies if necessary.
Honda said it will be entering into consultation on the proposed job cuts.
Eurofound (2014), Honda, Internal restructuring in United Kingdom, factsheet number 76791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76791.