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.
Regency Spinning, a textiles firm, is to close its site in Newtownards with the loss of 112 jobs. Managers at the firm have yet to comment on the case. However, David McMurray from the Transport and General and Workers Union stated that 97 redundancies were due to be made on 12th November 2007 and that a further 15 workers would be made redundant after staying on to help run the factory down and to clear up orders.
Eurofound (2007), Regency Spinning, Closure in United Kingdom, factsheet number 66023, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66023.