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.
The accounting and management consultancy company KPMG announced its plans to cut between 200 and 250 administrative jobs as part of a cost-saving measure. According to reports, 670 employees in these roles have been offered voluntary severance packages to achieve the aimed reductions without the need for compulsory redundancies.
For senior employees, the reduction means that they will no longer have a personal assistant for support and they will have to rely on central support from the Birmingham office, where an additional 24 job positions are planned to be created. The timeframe for these changes has not been announced, even though it is likely that the changes will take effect imminently, considering that severance packages have already been offered
Eurofound (2019), KPMG, Internal restructuring in United Kingdom, factsheet number 98647, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98647.