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.
Ifor Williams Trailers, a firm that manufactures trailers, has announced that it is to cut 45 jobs at sites that the firm operates in Cynwyd, Corwen and Deeside in north-east Wales. Approximately 400 are employed at the three sites, and the majority of the job losses are expected to affect the Cynwyd site. A spokesperson for the firm stated that an economic downturn was affecting the firm’s sales and had ‘compounded the seasonal drop in demand for trailers’. The firm has also stated that it is consulting unions at the sites about the job losses. The job losses will be implemented from 28 November 2008.
Eurofound (2008), Ifor Williams Trailers, Internal restructuring in United Kingdom, factsheet number 67317, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67317.