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.
The Del Monte factory which employed 1,200 people when it was taken over in 2002 is now at threat of closure with the remaining 250 jobs to go. Managing director Peter Miller said the company based in Methwold in west Norfolk has consistently failed to make any money since the takeover. Managers are now in discussions with staff and unions over the future viability of the site. Mr Miller said: 'Unfortunately, we have concluded that there is not business alternative other than entering into consultations with our employees to determine the future of the site.'
Eurofound (2006), Del Monte, Closure in United Kingdom, factsheet number 62942, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62942.