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.
Engineering company Technip, which provides engineering and consultancy support for the oil and gas industry, has announced plans to cut 130 further jobs from its operations based in Aberdeen. The oil and gas industry has been suffering from low demand for some time and the latest job cuts are a response to the ongoing situation. Technip announced in 2015, that it would be reducing 6,000 jobs from its global workforce in a bid to make large savings. The affected workers have been informed of the company's plans and a compulsory consultation period is in progress.
Eurofound (2016), Technip, Internal restructuring in United Kingdom, factsheet number 88659, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88659.