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.
David McLean, a firm that operates in the building and property development sector, has announced that 134 jobs are to be lost at a site that the firm operates in Flintshire in North Wales. The job losses follow the firm being placed in administration on Friday 24th October 2008, and the decision was made by Deloitte & Touche, the firm’s administrators. 320 are employed at the Flintshire site, and the job losses will affect those workers at the firm’s contracting division. The firm has attributed its financial problems to a downturn in the UK property market. Deloitte & Touche have stated that they are in the process of trying to find a buyer for the business, and have also said that, as of October 2008, redundancies have been limited to the contracting division of the firm. As of October 2008, there is no information on when the 134 job losses will be implemented by.
Eurofound (2008), David McLean, Internal restructuring in United Kingdom, factsheet number 67342, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67342.