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.
Wedgwood has confirmed that a ceramics factory is to close in January with the loss of 117 jobs. Work at the Tuscan factory in Longton, Stoke-on-Trent, will be phased out over the coming months before closing. Sixty staff will move to the nearby Barlaston site. Wedgwood hopes most of the redundancies will be voluntary.
Up to 90 jobs will also go - mainly at Barlaston - after the merger between Wedgwood and Royal Doulton last year. The site is both firm's headquarters. The company will be reviewing its earthenware range and said there could be more job cuts. Waterford Wedgwood bought Royal Doulton in 2005, but last month the company described the size of its losses over the past year as 'unacceptable'.
Losses narrowed to £129m ($239m) from £167m ($307m) the year before, but the Irish firm said the result was still 'disappointing'.
Eurofound (2006), Wedgwood, Internal restructuring in United Kingdom, factsheet number 63798, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63798.
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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