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.
A meeting between unions and company managers to discuss the future of around 175 jobs at three Gwynedd slate quarries, has been postponed. Last month, Alfred McAlpine Slate announced plans to cut the posts. The firm was expected to announce on 16 April that volunteers had come forward to accept 70 redundancies as Penrhyn Quarry in Bethesda is scaled down. Workers are still facing 105 compulsory redundancies at the other two quarries in Blaenau Ffestiniog. Blaenau's Cwt y Bugail quarry is set to be closed down, while the workforce at the Gloddfa Ganol site is being cut back. The meeting scheduled for 16 April was due to be held under the statutory 90-day rule obliging management and unions to hold discussions. The meeting is now expected to be held on 18 April.
Eurofound (2007), Alfred McAlpine Plc, Internal restructuring in United Kingdom, factsheet number 65091, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/65091.
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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