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.
Workers at Richards of Aberdeen only learned they had been laid off when they realised their wages had not been paid into their bank accounts. Nearly 200 jobs are expected to go at Aberdeen's last remaining textile mill after liquidators were called in. The 200-year-old firm, which announced 52 job losses last week, has made a legal application to start liquidation proceedings.
This will result in the 196-strong workforce losing their jobs too. Many have been with the company for their entire working lives.
Eurofound (2004), Richards, Closure in United Kingdom, factsheet number 60791, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60791.