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 total of 250 jobs could be lost if the Innovia Films production site in Bridgwater is closed.
The company says it has started a three-month consultation process with employees and unions on the future of the plant.
Workers marched through Bridgwater to mark their opposition to the proposed closure.
The Bridgwater plant was opened by British Cellophane in 1937. In the late 1970s it produced 40,000 tonnes of cellophane packaging film a year, and employed 3,000 people. It was acquired by UCB Films (now Innovia Films) in 1996. Innovia is proposing to close the plant because it says the capacity at its other two sites is ‘more than sufficient' to meet demand.
Eurofound (2005), Innovia Films, Closure in United Kingdom, factsheet number 61234, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61234.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...
