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.
Welbeck Colliery, near Ollerton, has announced that 80 jobs could be lost at a Nottinghamshire pit as part of a restructuring plan. UK Coal said it was necessary to revert to a different shift pattern to keep the colliery viable. Some miners will be offered the chance to transfer to nearby Thoresby Pit. The move will involve getting rid of one of the teams of men at the mine leaving around 440 miners still working there. It is thought many of the job losses will be through voluntary redundancy. Managers said there has been full consultation with the workers and union officials. The colliery, which has been producing coal for almost 90 years, lost £20 million in 2004 after its planned output dropped to 800,000 tonnes.
Eurofound (2005), UK Coal, Internal restructuring in United Kingdom, factsheet number 62525, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62525.