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.
German electric utilities company RWE has outlined plans to close the Aberthaw power station, located near Barry in the Vale of Glamorgan. The site is the last remaining coal-fired power station in Wales. The plant employs 117 people, whose jobs are all at risk.
Originally the closure was planned for 2021, but the company commented that market conditions have resulted in the date being moved forward. Union Unite has asked for a meeting with management to understand the reasons for anticipating the closure. Environmental group Friends of the Earth welcomed the announcement, arguing that energy production should be based on a green strategy in the future.
Eurofound (2019), RWE, Closure in United Kingdom, factsheet number 98249, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98249.