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.
Administrators were brought in to Pressworks Metals in Newton Aycliffe after the company suffered a massive cash flow crisis. More than 100 staff have already lost their jobs and the remaining 192 only have guaranteed work until Christmas.
Eurofound (2004), Pressworks Metals, Closure in United Kingdom, factsheet number 60785, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60785.