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.
Fashion retailer Bonmarche is cutting 140 jobs across its stores. The cuts are part of a cost-cutting initiative and are subject to the statutory period of consultation. The positions, which have been earmarked for redundancy, are understood to be store assistant roles. Alongside the proposals to cut jobs, the company is also planning to introduce mobility clauses to staff contracts, meaning that employees can be asked to travel to different stores within a 25 mile radius in order to cover staff shortages. Indications are that there will be some resistance to these new terms. The time frame for the implementation of these changes has not been revealed.
Eurofound (2018), Bonmarche, Internal restructuring in United Kingdom, factsheet number 94675, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/94675.