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.
Nippon Electric Glass has announced 400 job cuts as a result of closing its Cardiff plant as demand for products - like glass for TV sets - has fallen. Nippon makes glass used for traditional-style TV screens, and blames demand for more modern flat-screen sets for the closure of the Cardiff Bay plant. Ira Walters, general manager of Nippon Electric Glass (NEG) said the plant would cease production by the end of November 2005 with the loss of all 400 jobs. NEG added that it would begin discussions with trade unions and would attempt to find alternative employment for the workforce at the plant, which began glass manufacturing at the Cardiff Bay site in November 1995.
Eurofound (2005), Nippon Electric Glass, Closure in United Kingdom, factsheet number 62468, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62468.