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.
Electronics company Toshiba is making a quarter of its workforce redundant at a Plymouth television factory. About 75 staff at the Ernesettle site, which the company took over in 1981, are to lose their jobs. Half of those affected are going voluntarily. The cuts will take effect in March 2005. But Toshiba insists despite the changes it is still committed to the city.
Another 50 jobs are to be lost in Plymouth as a direct result of the 75 job cuts announced by television maker Toshiba. CNC Products, closing its Plymouth company, employs 50 people making cabinets for Toshiba. The cabinet components are prepared as flat pack units and put together at Toshiba's factory.
Eurofound (2005), Toshiba, Internal restructuring in United Kingdom, factsheet number 61107, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61107.