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 British Textile Manufacturing Company said its Northern Ireland operations base in Ballymoney is facing potential closure, putting more than 120 jobs are under threat at a textiles company in County Antrim. It blamed the move on a downturn in trading and the loss of a major customer. DUP councillor Mervyn Storey, chair of Ballymoney Borough Council's development committee, said 'What this borough does not need in the run up to Christmas is highly committed and competent workforce being made redundant with little likelihood of alternative employment in the short term.'
Eurofound (2005), British Textile Manufacturing Company, Closure in United Kingdom, factsheet number 62397, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62397.