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.
Commercial fish food manufacturer Skretting has announced plans to close all of its UK operations, resulting in the loss of more than 100 jobs. The closure is said to be related to UK unsustainable market conditions of overcapacity and low prices. The Norwegian owned company has sites at Preston, on Shetland, Invergordon and a head office in Norwich. Approximately half the losses will occur at the Invergordon factory. A spokesperson for Skretting stated that Brexit was not a factor in the decision.
Eurofound (2018), Skretting, Closure in United Kingdom, factsheet number 95995, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/95995.