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.
British Gas owner Centrica has announced plans to cut 700 jobs. The job losses are the latest in a series of cuts which saw 2,000 roles removed in 2018. It is being reported that the latest cuts will be in back office and management roles. The statutory 45-day consultation process with the trade unions is due to begin soon, though it is already being reported that the job losses will take effect sometime over the summer of 2019. A spokesperson for the GMB union condemned the company's strategy of trying to cut its way out of its current difficulties.
Eurofound (2019), Centrica, Internal restructuring in United Kingdom, factsheet number 97983, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/97983.