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.
Northern Automotive Systems, the British vehicle parts manufacturer has confirmed that it will cut 130 jobs at its site in Gilwern, South Wales by the end of 2020. The restructuring is part of a cost cutting programme designed partially in response to the UK leaving the European Union.
A spokesperson for the company said the aim of restructuring was ‘to become more attractive to UK-based customers’ and save as many UK-based jobs as possible.
Northern Automotive Systems makes decorative aluminium trim for the automotive industry. The company is part of the NBHX Trim Group and operates only the Gilwern site in the UK.
Eurofound (2020), Northern Automotive Systems, Internal restructuring in United Kingdom, factsheet number 102939, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/102939.
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Since 2013, Eurofound's ERM database on restructuring-related legislation has been documenting regulatory developments in the Member States of the European Union and Norway which are explicitly or implicitly linked to anticipating and managing change. The most recent update to the...
