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.
Uist Builders will make 240 staff redundant due to insolvency. The cuts will affect several plants in Scotland, UK.
The move was blamed on the 'tough trading conditions'. The company was unable to find a buyer and the employees affected by redundancies have already been given notice. The company said it will work with the Scottish government in order to minimise the impact of the restructuring and to help the affected staff find new jobs.
Eurofound (2012), Uist Builders, Bankruptcy in United Kingdom, factsheet number 73566, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73566.