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.
Steel production in west Cumbria has come to an end with the closure of Workington's Corus site. Around 250 workers have been made redundant at the plant, which produced an average of 200,000 tonnes of steel rails each year. Friday's closure is being blamed on demand for 108m-long tracks, which cannot be made at the site. Production is being moved to Scunthorpe. It marks the end of more than 130 years of steel production in Workington. The plant cannot be expanded to produce 108m rails - the industry standard length, equivalent to 118 yards - because it is positioned between the sea and the West Coast Mainline, according to Corus.
Eurofound (2006), Corus, Closure in United Kingdom, factsheet number 63969, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63969.