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 dairy products plant in Carmarthenshire is to close in 2005 with the loss of around 200 jobs. Dairy Farmers of Britain (DFB), which owns Llangadog creamery, said the decision had been based on its poor financial performance. It is one of the largest employers in the Towy Valley and had been bought by the farming co-operative in 2004. Llangadog is one of two dairy canners in the UK, producing long-life and canned milk products, such as evaporated milk and rice pudding. DFB said ‘this move has been taken as part of an industry-wide consolidation and rationalisation process, and we have only taken this difficult decision after having carefully assessed all other possible options'.
Eurofound (2005), Dairy Farmers of Britain (DFB), Closure in United Kingdom, factsheet number 61369, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61369.