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.
Construction group, Balfour Beatty, has made 400 staff redundant in the first half of 2015. The job losses which have occurred so far have been concentrated in back office roles such as IT, HR, Finance and Legal.
The cuts were made as part of an ongoing strategy to reduce business costs. The company is seeking to save 100 million GBP by the end of 2016, and has so far saved about one quarter of that figure. The outcome of the strategy was revealed when the company presented its half-year results.
Eurofound (2015), Balfour Beatty, Internal restructuring in United Kingdom, factsheet number 84518, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84518.