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.
Islanders on Unst have been absorbing the news that the RAF radar base, the biggest employer, is to close. One hundred job losses will impact on everyone on the small Shetland island. One local businessman described it as the 'domino effect'. 'A large proportion of people living on Unst are connected to the base. On an island of 700 people, even losing a dozen people would make a huge impact. We're a small community already, we can't afford to lose anyone, particularly local people,' she said.
Eurofound (2005), Royal Air Force (RAF) Unst, Closure in United Kingdom, factsheet number 61951, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/61951.