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.
Almost 120 jobs are being cut at Imerys, a china clay company based in Cornwall. It is making 117 staff redundant which is about 6% of the total workforce employed in the county. The company said over half of the posts being cut were due to improved productivity and technical innovation. It blamed the remaining cuts on ‘difficult global trading conditions' and ‘unusually steep increases in prices of energy, international freight and chemicals'.
Eurofound (2005), Imerys, Internal restructuring in United Kingdom, factsheet number 61602, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61602.