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.
West Pharmaceutical Services, a Cornish company which makes medical components, has announced up to 90 employees will be made redundant. The firm employs 380 in St Austell and said the cuts need to be made because a customer has pulled out of an order and has taken their business elsewhere. The exact number of job losses from the St Austell branch will not be confirmed until the end of a 30 day consultation, however the depot will not close down. A support programme has been set up to support employees.
Eurofound (2007), West Pharmaceutical Services, Internal restructuring in United Kingdom, factsheet number 65494, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65494.