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 parts manufacturer GKN has announced that it is to cut 251 jobs from its workforce in Telford, Shropshire. Employment will be terminated on 18 August 2016. The decision has been taken largely because of the end of a contract for Jaguar Land Rover (JLR). The contract, which was for manufacture of Land Rover chassis platforms, accounts for 230 of the jobs lost, with the work of a further 21 positions on a hybrid bus project being taken on by the company's Birmingham site.
Eurofound (2016), GKN, Internal restructuring in United Kingdom, factsheet number 88268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88268.