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.
Richmond Foods says the proposed closure of its ice cream factory in Devon would lead to 175 job losses. The closure of the plant at Ivybridge, near Plymouth, next year is part of a plan to cut operating costs, expand capacity and invest in new machinery. Chief executive James Lambert said yesterday that much of the machinery at the factory, acquired from Associated British Foods, was more than 25 years old. Production would be transferred to sites in Richmond in North Yorkshire, Leeds and Wigan, which have space for new machinery.
Eurofound (2004), Richmond Foods, Closure in United Kingdom, factsheet number 60534, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60534.