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.
The Walkers crisp factory in Swansea is to close after 50 years at the south Wales site. All 250 workers will lose their jobs, but will be offered alternative posts at the PepsiCo's other UK plants. Production of Monster Munch, Wotsits and other snacks will switch to factories at Peterlee and Coventry. Walkers president Martin Glenn said the shift would move production closer to distribution sites. He said the snack market was an 'increasingly competitive environment'.
Eurofound (2005), Walkers, Relocation in United Kingdom, factsheet number 62268, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62268.