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.
Quebecor World, a firm that operates in the printing sector, has announced that it is to close its site in Corby in Northamptonshire with the loss of 300 jobs. The firm entered receivership in January 2008, yet it had been hoped that a buyer would be found for the site. A representative from the trade union Unite said that it was unfortunate for staff given the potential problems they would have in finding alternative work in the area. Quebecor World’s financial problems are a result of difficulties faced by the firm’s Canadian parent company. As of February 2008 there is no information on when the site is to close and the job losses are to be implemented.
Eurofound (2008), Quebecor World, Closure in United Kingdom, factsheet number 66315, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66315.