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.
Almost 400 workers at one of Northern Ireland's biggest food processing factory, the Farm Fed chicken factory at Coleraine, are set to lose their jobs with the plant's closure. The factory employs about 380 staff, including 90 from Poland. It is understood the problems arose from competition from low-priced poultry imports and escalating costs. Gareth Scott of the Transport and General Workers' Union, which represents some workers at the plant, said the company would have to consult over job losses. 'The focus would now be on trying to minimise the impact of redundancies', he said. Farm Fed is a large employer in Coleraine and it was a devastating blow for the area.
Eurofound (2006), Farm Fed, Closure in United Kingdom, factsheet number 62863, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62863.