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.
The Glaxosmithkline Montrose site in Scotland, is to shut by the end of 2006 with the loss of 300 jobs. Jim Mowatt, T&G National Secretary for manufacturing, said: ‘We are deeply disappointed by GSK's announcement that it intends to shut its Montrose site. This is a world-class site serviced by a world-class workforce, and we believe that the search for a suitable purchaser should begin immediately. The shop stewards and members have demonstrated a tremendous degree of flexibility and willingness to meet all the company's demands, so we are especially disappointed by the news.'
Eurofound (2004), Glaxo Smith Kline, Closure in United Kingdom, factsheet number 60647, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60647.