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.
Drax Power, the company running the power station at Selby in the north of England announced plans to close two coal-dired units leasing to the loss of 206 jobs by the end of March 2021. The power station is due to stop using coal.
The trade unions representing the affected workers have initially agreed with the management on the redundancy plan, however, trade union Unite now disputes the measure of compulsory redundancies and its members are considering industrial action. A representative of Unite has accused management of acting in ‘bad faith’.
The Drax power station in Selby provides 5% of the UK's electricity. The decision to switch from using coal to biomass is part of a large decarbonisation project.
Eurofound (2020), Drax Power, Closure in United Kingdom, factsheet number 101443, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/101443.