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.
In March 2009, Steelite, a pottery manufacturer which employs 600 people in Stoke-on-Trent, announced the reduction of 15% of its workforce (i.e. 90 jobs) within the next 30 days. On 7th April 2009, Steelite announced that 79, rather than 90, of its workers at its site in Stoke-on-Trent will be made redundant. As of April 2009 there is no information on when the job losses will be implemented by. The company is reducing its staffing levels as it is attempting to cut its costs.
Eurofound (2009), Steelite, Internal restructuring in United Kingdom, factsheet number 68448, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68448.