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.
Moneycentre in Plymouth, a call centre owned by Cigna Insurance Services, is reported to be cutting 420 jobs from its workforce. The company said that the decision had been reached following a strategic review of the business, which concluded that action was required as the travel market had become increasingly competitive. Staff have been informed of possible redundancies pending a statutory consultation process which will begin imminently. The outcome of the consultation is expected to follow at some point in early 2017.
Eurofound (2016), Moneycentre, Internal restructuring in United Kingdom, factsheet number 89111, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89111.