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.
Butler and Tanner Printers Ltd, a firm that operates in the printing and publishing sector, has announced that it is to close its site in Frome in Somerset with the loss of 287 jobs. The job losses will take immediate effect from 26th April 2008. The announcement of the closure of the site follows negotiations between the Unite trade union and management at Butler and Tanner that were taking place at the Advisory, Conciliation and Arbitration Service (ACAS) in Bristol.
On 17 July 2008 it was announced that Butler and Tanner had been bought by Felix Dennis. The new company will be named Butler, Tanner and Dennis, and 90 of the former staff of Butler and Tanner will be re-employed.
Eurofound (2008), Butler and Tanner Printers Ltd, Closure in United Kingdom, factsheet number 66579, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/66579.