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.
British American Tobacco (BAT) the cigarette maker is moving production from its main UK factory to the Far East, raising fears of hundreds of job cuts. Production of 6.2 billion cigarettes is being transferred to factories in Korea and Singapore by summer 2005. Unions described it as a 'devastating blow' and vowed to fight job losses at the Southampton factory, which employs about 660 workers in manufacturing. Allan Short, BAT's head of UK and Ireland operations, said: 'This represents a significant loss of volume in Southampton, but the benefits of the localisation for our customers are clear. Costs of production in the Far East are far lower and the factories in Singapore and Korea are much closer to the destination markets.' The Southampton factory manufactures cigarettes including Dunhill, Rothmans and Lucky Strike, is employing more than half of BAT's UK workforce of around 1,200. In 2003, BAT had closed its Darlington plant with the loss of 490 employees.
Eurofound (2005), British American Tobacco, Offshoring/Delocalisation in United Kingdom, factsheet number 61675, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61675.
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...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
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