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.
Plans to expand Durham Tees Valley Airport, a knock on effect of which will be to help create 2,000 jobs at the airport, have been approved by council chiefs. Currently one million passengers a year travel through Durham Tees Valley Airport, but plans have been unveiled to increase this to three million. People in nearby Long Newton believe roads would not cope with the extra traffic. But Darlington and Stockton councils have both approved the revamp. Hugh Lang, managing director at the airport, said a Low Newton interchange would be built to cope with extra traffic. He also said the revamp would create 2,000 airport jobs and an extra 1,000 'spin-off' jobs in the area because of the expansion and extra visitors. Work at the airport would not be completed until 2008.
Eurofound (2006), Durham Tees Valley Airport, Business expansion in United Kingdom, factsheet number 64624, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64624.