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.
Oil company Shell has announced that it is to cut 380 jobs closing its finance operations in central Glasgow. The process, which is still subject to statutory consultation with employee representatives, is scheduled to take approximately fifteen months in total. It is understood that the work will be moved to other sites in the company's portfolio, such as sites in India and Malaysia, though there is no definite information at this point about where the work will now be done. A spokesperson for the company said that the likelihood was that Glasgow employees would face compulsory redundancy. Shell has previously announced 10,000 job cuts worldwide in February 2016, of which 1,600 jobs were reported to be lost from the UK.
Eurofound (2016), Shell, Offshoring/Delocalisation in United Kingdom, factsheet number 89281, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89281.