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.
UK supplier of solid fuels and bulk material logistics, Hargreaves Services will close Monckton Coke and Chemical Company Limited. The coke making plant is located in South Yorkshire. Closure of the Monckton plant is the result of finalisation of a Group Simplification Plan which will result in the loss of around 120 jobs. A mandatory 45-day formal consultation process about the future of the plant began on 27 October 2014. At the conclusion of the consultation period, the company has announced that production will cease and the plant will close in December 2014. In a statement to investors, the company has stated that it remains committed to exploring alternative employment opportunities for staff, both within the Hargreaves Group and externally. The company, head-quartered in County Durham, has told investors that the closure is due to falling forward prices for coal and low consumer demand.
Eurofound (2014), Monckton Coke and Chemical Company, Closure in United Kingdom, factsheet number 78002, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78002.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
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This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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