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.
French energy company, Technip has announced plans to close its offshore wind business. Following a review of operations, the closure of this part of their business will take place once current projects have been completed and will result in the loss of 190 jobs.
In terms of where the job losses are located, more than 70 positions will be lost at the company’s headquarters in Westhill, Aberdeenshire in Scotland, a further 20 jobs will go from Gateshead, near Newcastle and the remainder of jobs will be lost from offshore and contractor jobs. The company is currently involved in consultation with the workers who are affected by the closure. The UK-based offshore wind business was set up in 2011, targeting the EPC market although its main focus was on cable installation.
Eurofound (2014), Technip Offshore Wind, Closure in United Kingdom, factsheet number 77542, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77542.