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.
Packaging company Crown packaging has confirmed that consultation has started over the closure of its site in Neath, South Wales with 245 jobs to be affected. Due to the number of jobs which are due to be lost, consultation has started under the statutory procedures. The plant makes lids for metal cans and has been one of the major local employers for 75 years. The closure is due to overcapacity and a decrease in global demand for the company's products. It is not yet known when the job losses will take effect. .
Eurofound (2015), Crown Packaging, Closure in United Kingdom, factsheet number 85277, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/85277.