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.
U.S. owned Methode Electronics is due to close its factory in the Vale of Leven, West Dunbartonshire on December 20th 2006, with the loss of 151 jobs. The firm makes electronic components used by car makers. Scottish First Minister Jack McConnell has promised officials will meet bosses of an electronics factory. Mr McConnell expressed his sympathy and said it was a 'desperately sad situation' for the families affected, especially given the time of year. During First Minister's Questions, Dumbarton MSP Jackie Baillie asked if he would join her in encouraging the firm to provide a 90 day statutory notice period to all staff.
Mr McConnell said: 'It is absolutely incumbent on the company that they accept their responsibilities to those families.'
'The minister for enterprise and I have already asked our officials to meet with the company urgently in order to pursue the case for the company to meet those obligations and to do so properly and preferably before Christmas in the final salary payment.'
Eurofound (2006), Methode Electronics, Closure in United Kingdom, factsheet number 64625, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64625.
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