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.
Marine and engineering services firm C and M Group has announced that it will create 240 jobs in the U.S and the U.K. 100 jobs will be created in Aberdeen, Scotland, whilst 140 will be created in the U.S. The move follows a management-led buy-out and restructuring. C and M, which aims to become a major global engineering company, has invested in a 14,000-tonne ice-breaker. Re-named the Ice Maiden, she is currently being converted into a multi-purpose support vessel capable of operating anywhere in the world. More than 60 of the new jobs will be for experienced marine crew for the Ice Maiden. C and M currently employs about 80 people in the UK and 60 in the US.
David Kellas, C and M's operations director, admitted that their recruitment drive would not be easy.
He said: 'With an extremely tight labour market, we know that finding experienced people will be very challenging.'
'Nevertheless, we believe that C and M offers a unique proposition being a small, dynamic but rapidly-expanding company.'
Eurofound (2007), C and M Group, Business expansion in World, factsheet number 64902, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64902.