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.
Tayto Group, a snack food manufacturer, has announced the closure of its Red Mill Snack Foods crisp factory at Wednesbury (in the West Midlands) with the loss of 300 jobs. The company stated that the closure came as a result of Proctor and Gamble withdrawing their Pringles Minis range, which is made at the company’s site in Corby, Northamptonshire. Production of other products will move from Wednesbury to Corby at the start of next year, and this transfer will take until 2010 to complete, when the factory will be closed.
Eurofound (2008), Tayto, Internal restructuring in United Kingdom, factsheet number 67274, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67274.