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.
Northern Foods, a food plant making Chinese ready meals in Swansea, is set to be closed down resulting in the loss of 234 jobs. The announcement came after the owners failed to renew their supply agreement with its major customer, Sainsbury. The agreement concerned 90% of Northern Foods production. The company entered into consultation with staff as there was a "very low probability" similar orders could now be found in time to save the factory. The jobs are mostly shift work in the food preparation and chilling area and the workforce includes a lot of agency staff. As of 25 April 2010 no date has been given for the closure.
Eurofound (2010), Northern Foods, Closure in United Kingdom, factsheet number 70447, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70447.