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.
Royal Doulton had announced plans to close its Nile Street factory in Burslem, Stoke, with the loss of 525 jobs and put the remaining British production into south east Asia. However, Irish Tycoon Sir Anthony O'Reilly has tied up a £40 million deal to merge Waterford Wedgwood with Royal Doulton in a move that could save hundreds of jobs in the English Potteries. Dublin-based Waterford said on 14 December 2004 it will now switch this output to the Waterford Wedgwood facility at Barlaston in Stoke, which would mop up spare capacity. Waterford financial director Paul D'Alton said: 'Some but not all of the jobs could be saved.' There were no plans for other 'significant' cuts as a result of the planned merger, he added, which must be agreed at a Waterford extraordinary meeting on 10 January 2005.
Eurofound (2004), Royal Doulton - Waterford Wedgwood, Merger/Acquisition in United Kingdom, factsheet number 60905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60905.