| Author (Corporate) | European Foundation for the Improvement of Living and Working Conditions (Eurofound) |
|---|---|
| Series Title | Press Release |
| Series Details | 9.2.05 |
| Publication Date | 09/02/2005 |
| Content Type | News |
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Almost 24,000 jobs are set to go in the United Kingdom, if companies follow through with restructuring activities announced during last quarter of 2004, according to the European Restructuring Monitor (ERM) Quarterly. The ERM is an information service of the European Foundation for the Improvement of Living and Working Conditions that analyses data on industrial restructuring in Europe. Some 57 restructuring cases, which will result in job losses during 2005, were recorded in the period from the beginning of October to the end of December 2004. Worst hit are the chemical, financial services, and transport sectors. During the same period, however, some 13 announcements of business expansion were recorded, which will result in 6,990 new jobs being created. |
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| Source Link | http://www.eurofound.europa.eu/press/releases/2005/050209.htm |
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| Countries / Regions | United Kingdom |
