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.
Imperial leather soap maker PZ Cussons is to close its Nottingham plant with the loss of 160 jobs. The plant in New Basford will be shut by 2007 and the company will transfer production to a new factory in Thailand and an existing plant in Indonesia. The group said the decision was down to changing markets. Bosses said two-thirds of the market for bar soap was now in Asia, with customers in the UK increasingly buying liquid soap products. Staff at the Nottingham plant were told about the restructuring on 8 February 2005 and the company has now begun consultations with trade unions.
Eurofound (2005), PZ Cussons, Offshoring/Delocalisation in United Kingdom, factsheet number 61105, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61105.