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.
Car maker Vauxhall has announced further job cuts at its Ellesmere Port site in Cheshire, just months after announcing its previous round of job cuts. The manufacturer owned by the Franch PSA Group announced in October 2017 that it intended to reduce numbers by 400 ahead of introducing new shift patterns in April 2018. The latest announcement has confirmed that a further 250 jobs will be lost from the company.
The owners have publicly committed to the future of the plant, though they have noted the falling demand for the hatchbacks manufactured at the site and the commercial impacts of Britain exiting the UK are also being closely monitored. The company intends to achieve these latest redundancies via a voluntary scheme, as it did for the previous round of cuts, and it is expected that the jobs will be cut between April and September 2018.
Eurofound (2018), Vauxhall, Internal restructuring in United Kingdom, factsheet number 93072, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93072.
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