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.
UK Coal has been forced to ditch expansion plans at their second-most productive mine in a move that will result in up to 150 redundancies. The company blamed 'geological problems' for forcing a change of heart at Kellingley Colliery, near Pontefract in West Yorkshire. UK Coal had seen Kellingley as a major opportunity at a time of higher coal prices and planned to open up fully the 'Silkstone seam', which would help yearly output rise from 1.7 million tonnes to 2 million. To make matters worse about 150 workers from the now-closed Selby mines had recently been transferred to work at Kellingley but hopes for their future have been dashed.
Eurofound (2005), UK Coal, Internal restructuring in United Kingdom, factsheet number 60996, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60996.