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.
A chemical plant with a 90-year history in a West Yorkshire town is to close with the loss of more than 300 jobs. C6 Solutions, formerly known as Hickson and Welch, has blamed the weak US dollar and strong international competition for the decision.
The 140-acre site in Castleford will be closed over a phased period as existing contracts are honoured.
Chief executive John Markham, said: ‘As a UK based manufacturer with customers almost wholly overseas, our trading has been impacted significantly by the weakness of the US dollar. In turn, this has assisted our overseas competitors, particularly low cost producers in the Far East and South East Asia, to take an increasing share of the markets we serve.'
Eurofound (2005), C6 Solutions, Closure in United Kingdom, factsheet number 61233, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61233.