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.
Eastman Chemical Company, a chemical manufacturer based in Workington, Cumbria, is reported to have begun a formal consultation into the possible closure of the business. The move means that 152 jobs are affected. The company has stressed that the decision is not a reflection on the performance of staff, rather that there is low demand for the products made by the company and that operating costs for the site are high. The GMB union has called for the company to seek alternatives to a total closure.
It was confirmed in March 2015 via the company website that the site would cease production in April 2015, and that the site would be closed during the third quarter of the year.
Eurofound (2015), Eastman Chemical Company, Closure in United Kingdom, factsheet number 78544, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78544.