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.
Hargreaves Services has announced the closure of Maltby Colliery, a deep coal pit near Rotherham. 540 people have been issued with redundancy notices.
The company has announced that the site has both safety problems and coal can no longer be extracted in a financially viable manner.
The consultation with the union and staff continues and will end on the 30th of November. Concerns about the safety of the site are shared by politicians, staff and management and it is hoped that an alternative to closure can be found.
Eurofound (2012), Hargreaves Services, Closure in United Kingdom, factsheet number 74480, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74480.