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.
Anglo American, the British multinational mining company has announced that it will create 200 new jobs at its polyhalite mine in Whitby, North Yorkshire. The new jobs include surveyors, engineers, and skilled trades, as well as general construction roles.
The chief development officer of the new mine said the company aimed to provide work opportunities for local people, who will be involved in building 'the first new mine in the UK for a generation'. The mine is designed to blend into the landscape, and it will be used to extract polyhalite ore, a natural fertiliser, from a mile under the surface.
Anglo-American is a major producer of platinum, copper, nickel, iron ore, coal, and diamonds. It has operations across the globe, and it employs 90,000 people, with 2,000 working in Europe. When the site near Whitby is at full production, it will employ 1,000 people directly.
Eurofound (2020), Anglo American, Business expansion in United Kingdom, factsheet number 102257, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102257.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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