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.
Reach Printing Services, the printing division of the British newspaper and magazine publisher Reach PLC, has announced that it will close its print plants in Birmingham and Luton, putting 150 jobs at risk of redundancy. Consultation with the affected workers has already started.
A spokesperson for the company said the decision was based on a thorough review of the company’s print capacity and production will now be ‘balanced’ across the company’s four remaining sites in England and Scotland.
A representative of the trade union Unite has confirmed that the union had started consultations over the proposal and added that some workers at the Watford site may also be affected, because some workers from Luton will be transferred there.
Reach Printing Services prints the titles published by Reach, including the Daily Express and the Daily Mirror, and the company is also the biggest contract newspaper printer in the UK. In July 2020, Reach PLC announced that 550 jobs were at risk of redundancy at their publishing division.
Eurofound (2020), Reach Printing Services, Relocation in United Kingdom, factsheet number 102678, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102678.