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.
A decision by supermarket group Somerfield means the closure of two distribution depots in Rainham, Essex, and Welwyn Garden City, Hertfordshire with the loss of 440 jobs. Both of the depots are managed by the logistics group Exel and will close in April 2006. Talks with staff and unions are under way and Exel said that 'every effort' was being made to find alternative jobs for those affected. The Welwyn Garden City site employs 280 people and the Rainham depot has 160 staff.
Eurofound (2006), Exel, Internal restructuring in United Kingdom, factsheet number 62770, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62770.