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.
Celanese, a manufacturer of cigarette filters, has announced plans to shut part of a factory in Spondon with the loss of 350 jobs. Under a £8m investment instead the part making wrapping film unit will stay, saving 70 jobs. The cuts are blamed on high operating costs while most of the jobs are likely to go by the end of the year.
Eurofound (2010), Celanese, Closure in United Kingdom, factsheet number 70873, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70873.