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.
Manufacturer of construction equipment JCB has announced that it is to lose 150 jobs across its UK operations. The majority of the cuts are expected from the company's Staffordshire head office, though sites in Derbyshire and North Wales may also be affected. The company has taken the decision to cut staff following a decline in its overseas markets. A spokesperson for the company confirmed that the cuts will affect office staff only. The company is hopeful that some of the effects can be mitigated by achieving some of the reductions through early retirement and voluntary redundancy. A 45 day consultation on the proposals is now underway.
Eurofound (2014), JCB, Internal restructuring in United Kingdom, factsheet number 77757, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77757.