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.
Chemical company Elementis is to shut its chromium factory at Eaglescliffe, Durham, creating 138 job losses. Production at the plant will cease at the end of June, and a 90 day consultation is now under way with staff. Bob Bolam, Unite regional officer, claimed the closure is "the end of an era", and confirmed that the union is in talks with the company to get the best deal for those affected. The company had been adversely affected by increasing competition from Asia, resulting in a fall in sales of 53 percent this year.
Eurofound (2009), Elementis, Closure in United Kingdom, factsheet number 68850, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68850.