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.
Rail manufacturing company Alstom has announced that it is to close its site in Preston with the loss of 180 jobs. The company, which manufactures the Pendolino train, has had a site in the city for 120 years. The decision comes after the company decided to build a new centre for manufacturing, maintenance and training in Widnes. Work will now be carried out at the new site, and it is expected that the Preston site will be closed by July 2018.
Eurofound (2017), Alstom, Relocation in United Kingdom, factsheet number 92383, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/92383.