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.
Scottish coal has announced that it has made 590 redundancies after it went into administration. The organisation is one of Scotlands largest coal mining companies with six open cast mines in East Ayrshire, South Lanarkshire and Fife, all of which have stopped production. A drop in the price of coal and an increase in operational costs were blamed for the job losses. Only 142 employees have been retained by administrators KPMG.
Eurofound (2013), Scottish Coal, Bankruptcy in United Kingdom, factsheet number 75296, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75296.