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.
Imperial Tobacco has confirmed that it has started consultation with employer representatives over a proposed cut of 100 jobs from its headquarters. The Bristol-based site currently employs 500 workers, and is thus intending to cut twenty per cent of jobs. A spokesperson for Imperial Tobacco commented that the jobs cuts were necessary in order to maintain competitiveness and to ensure the future of the business. Further restructuring is also planned at sites in Russia and France. Final information on the number pf job cuts will be known after the conclusion of the consultation process.
Eurofound (2016), Imperial Tobacco, Internal restructuring in United Kingdom, factsheet number 89396, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/89396.