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.
Computer printer firm Lexmark is cutting 1,400 jobs globally in response to a worldwide decline in demand for the cartridges. As part of this restructuring is to close its manufacturing plant in Fife, with the loss of 700 jobs. Workers at the firm's plant in Admiralty Park, Rosyth, were told that 500 jobs would be cut by April 2006 with the last 200 going by the end of the year. The American-owned company, which makes printers and cartridges, has been in Scotland for 10 years.
Fife Council said help and support would be offered to those losing their jobs. Strategic manager Stuart Nichol said 'Senior Scottish Enterprise representatives will be meeting with Lexmark senior management in Rosyth.'
Eurofound (2006), Lexmark, Closure in United Kingdom, factsheet number 62820, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62820.