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.
It has been announced that 260 jobs are to be cut from Marine Enginnering Firm BiFab, resulting in the closure of two yards. The company is making its reductions from sites in Fife and on the Isle of Lewis. The redundancy notices will be served and the only prospect of reversing the decision is if new contracts for work are signed. Despite calls for the Scottish Government to intervene to protect the jobs, the Government has said that it will only give 'practical' support in the form of skills and employability training for workers who lose their jobs. The job losses are expected to begin in May 2018 and conclude the following month.
Updated, 08/06/2018
The GMB and Unite unions have announced that 35 out of the remaining 43 core shop floor workers at the BiFab fabrication yard at Methil and Burntisland in Fife have been given statutory redundancy notices by BiFab’s new management. The redundancies came only a few weeks after BiFab was acquired by the Canadian engineering company JV Driver, through its subsidiary DF Barnes, in an agreement that was supported by the Scottish government. The union representatives said that 'some workers will be out of a job as early as two weeks' time and most will be gone in three months'.
Eurofound (2018), BiFab, Closure in United Kingdom, factsheet number 93582, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93582.
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