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.
Danish dairy group Arla, which produces Lurpak and Anchor butter, said more than 400 jobs would go in the first half of next year as it closes down a dairy in Ruislip, West London, and one in Newcastle. Closures were widely expected following the group's acquisition of Express Dairies last year. The announcement comes five months after Arla cut 310 jobs with the closure of a dairy in Lancashire and a bottling line in Essex. A new Arla dairy in Leeds has begun production. Cost savings from the acquisition of Express Dairies were 'ahead of schedule', Arla said in a statement. Commenting on the closures, chief executive Neil Davidson said: 'The industry had spare capacity ... taking that out was one of the things that made the merger attractive.'
Eurofound (2004), Arla Foods, Merger/Acquisition in United Kingdom, factsheet number 60539, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60539.