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.
Ciba Specialty Chemicals will stop production at its textile dye plant in 2007 and is set to close the entire site the following year. Three hundred people will lose their jobs in the proposed closure of a chemical factory in east Manchester. It said increasing pressure from Asian competitors meant the site was no longer "economically sustainable". However, the firm will support workers willing to move to other sites where there are suitable vacancies.
Eurofound (2004), Ciba Specialty Chemicals, Closure in United Kingdom, factsheet number 60782, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60782.