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.
Retailer Mothercare has announced plans to cut jobs at its head office in Watford. The news follows the decision earlier in 2018 to close stores resulting in the loss of approximately 900 jobs. The latest restructure will see the net loss of 150 jobs, with 200 roles being cut and 50 roles being created. The decision has been communicated to staff and it is understood that the statutory process of consultation will begin shortly. A spokesperson for the business commented that the measures were part of a long term strategy to ensure that the company could continue to trade.
Eurofound (2018), Mothercare, Internal restructuring in United Kingdom, factsheet number 95945, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95945.