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.
Substantial job losses are expected to be announced at one of Northern Ireland's biggest textile companies. Strabane-based Adria said that its sales in the first quarter of 2005 were 25% down on the same period in 2004. It is thought that about 200 jobs are at risk among its 790-strong workforce.
The province's textiles industry has been badly hit in recent years, with firms struggling to ward off the threat of cheaper foreign imports.
In 2001, the firm cut 165 jobs. It was taken over by a local consortium in June 2002. Another 55 jobs were shed in September 2003 while 58 employees were laid off in July 2004.
Eurofound (2005), Adria, Internal restructuring in United Kingdom, factsheet number 61270, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61270.