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.
More than a century of chocolate-making in Bristol is to end following the announcement that the Elizabeth Shaw factory is to close. The site at Greenbank in Easton will be sold off for redevelopment. "The original factory is too old to meet the demands of modern efficient production," said director, Paul Keith. Most of the 160-strong workforce at the factory will be made redundant and it is expected that production will finish in Autumn 2006. Senior managers blame rival products being manufactured in Eastern Europe and the need to outsource production of the company's key brands such as Famous Names Chocolate Liqueurs and Elizabeth Shaw Mint Crisps as causes for the decision to close the factory. In its heyday Elizabeth Shaw employed more than 2,500 people.
Eurofound (2006), Elizabeth Shaw, Closure in United Kingdom, factsheet number 62823, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62823.