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.
Telecommunication giant Vodafone has announced plans to close its Banbury customer relations centre in 2011 resulting in the loss of 400 jobs. The closure is part of company efforts to improve efficiency. A spokeswoman said the Banbury centre had many little teams carrying out different tasks, but that Vodafone wanted "bigger, more specialist teams". 200 of the posts will move to other Vodafone sites at Newark in Nottinghamshire, Stoke-on-Trent in Staffordshire and Didsbury, Manchester.
Eurofound (2010), Vodafone, Closure in United Kingdom, factsheet number 71026, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/71026.