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.
Croda International, a chemicals manufacturer based in Wilton, Teeside, will close its plant, leading to 125 job losses.
It announced that without the local supplier, Dow Chemical Company, its plant was no longer economically viable because no other UK plant produces ethylene oxide. The Unite union warned the cuts at Dow could have a devastating effect by rippling across the industry, leading to further redundancies. The union identified Croda's supplier Dow as a strategic business for the UK as it provides a vital product to the chemical sector.
Eurofound (2009), Croda International, Closure in United Kingdom, factsheet number 69271, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69271.