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.
US oil company, ConocoPhilips, has announced that it will cut 230 jobs across the United Kingdom after a review of its UK operations. The jobs will be cut by March 2015. The job cuts will come from the company’s head office located in Scotland and also from offshore oil fields located in the North Sea between Scotland and Norway. The cuts are aimed at improving its UK cost structure. ConocoPhilips is a Houston-based independent oil company. The company’s UK business is separate from its Norwegian business.
Eurofound (2015), ConocoPhilips, Internal restructuring in United Kingdom, factsheet number 78142, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78142.