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.
Murata Manufacturing in Estover near Plymouth is closing with the loss of 120 jobs. The electronics firm says an increasing number of customers have switched to suppliers nearer their new bases in the Far East. Production at the plant which makes ceramic chip capacitors will be run down before the site closes completely in November 2004.
Workers are being offered redundancy payments and help to find alternative employment.
Eurofound (2004), Murata Manufacturing, Closure in United Kingdom, factsheet number 60779, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60779.