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.
Forterra, the British brick and concrete block maker has announced restructuring plans which will lead to 225 redundancies at its concrete products facilities, particularly affecting workers at its site in Swadlincote, Derbyshire, England.
A statement by the company said that the job cuts are made in anticipation of the long term impact of the coronavirus crisis on the UK construction sector. Britain’s largest brick maker, Ibstock Brick has also announced job cuts.
Forterra is the UK’s second largest brick manufacturer, with nine brick factories. The company is currently developing Europe’s biggest brick factory in Desford, west Leicestershire, which is expected to open in 2022.
Eurofound (2020), Forterra, Internal restructuring in United Kingdom, factsheet number 101258, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101258.
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