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.
Landscaping firm Land Engineering has entered administration which will result in the loss of 135 jobs. The business operates out of various sites across Scotland. Administrators EY were appointed when the company hit financial difficulties, with its construction division being affected particularly severely. The administrators were able to sell off parts of the business to rival landscaping firm Idverde, which has saved 249 jobs. Reports do not specify when the changes will take effect, though it is understood that the redundancy process for the affected employees is well underway.
Eurofound (2017), Land Engineering, Bankruptcy in United Kingdom, factsheet number 91178, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91178.