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.
Stokes Forgings, a manufacturer of car components, is to close its factory in Walsall with the loss of all 137 jobs. The firm attributed the closure to the reduction in demand in the car manufacturing industry, although it will keep its plants at Dudley and Brierly Hill open. The plant will be shut in April 2009.
Eurofound (2009), Stokes Forgings, Closure in United Kingdom, factsheet number 67784, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67784.