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.
Engineering firm ClydeUnion Pumps will cut 160 jobs from its plant in Glasgow. The announced redundancies are part of the restructuring following the acquisition of the company by the American group SPX in 2011. The aim of the restructuring is to identify synergies between the two companies and improve business efficiency.
The company has entered a consultation process with trade unions and employee representatives. Last year, 90 jobs were cut from the engineer firm as part of a restructuring measure.
Eurofound (2013), ClydeUnion Pumps, Merger/Acquisition in United Kingdom, factsheet number 75540, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75540.