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.
Tamworth based concrete pumping business Professional Concrete Pumping is reported to have ceased trading on 13 October 2014. It was reported that the company which employs more than 100 people was expected to make a further announcement on the fate of the jobs, but as of 27 October such an announcement has not been forthcoming, despite meetings between staff and managers reported to have taken place.
Up until last year the company traded under the Pochin name, which it had started under in 1969. It had run up losses in the recession and was sold for £1 in 2012. The decision to stop trading is being reported as something of a shock given that the company embarked on a major expansion drive last year.
Eurofound (2014), Professional Concrete Pumping, Closure in United Kingdom, factsheet number 77745, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/77745.