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.
Up to 200 jobs have been cut in Kent after AEI Cables in Northfleet announced it is to close. The company said a trading review showed the Kent base was 'no longer viable' and cable production would cease as soon as practically possible.The plant was used for the design and manufacture of low and medium voltage power cables and specialist industrial and submarine cables.
The site was equipped with some of the most sophisticated cable making machinery in the world and was home to a high voltage testing laboratory in a purpose-designed building.
Eurofound (2005), AEI Cables, Closure in United Kingdom, factsheet number 61202, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61202.