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.
Supermarket Asda has announced plans to cut 300 jobs in administrative roles. The job cuts will affect the headquarters in Leeds and another site in Leicester, although it is being reported that the vast majority of the cuts will come from the site in Leeds. The move follows the retailers decision to restructure jobs in its stores. Affected employees have been informed, in line with the statutory requirements around consultation. In addition to the planned cuts, it is also being reported that Asda will be looking at changing job descriptions for a further 800 positions.
Eurofound (2017), Asda, Internal restructuring in United Kingdom, factsheet number 91919, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91919.