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.
Ecomold, a car components manufacturer, has announced that it is to close its sites in Dunstable in Bedfordshire and Southend in Essex with the loss of 384 jobs. The site in Dunstable will close in August 2008 with the loss of 203 jobs, whilst the site in Southend will close in September 2008 with the loss of 181 jobs. The company entered administration in November 2007, however administrator KPMG has been unable to find a buyer for the firm. A spokesperson from KPMG stated that ‘it is disappointing that we have been unable to find a buyer for the remaining operations, however we are still seeking offers.’
Eurofound (2008), Ecomold, Closure in United Kingdom, factsheet number 66572, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66572.