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.
Anglesey Aluminium, an aluminium company, is to cut 140 jobs from its plant in Holyhead, Wales. The cuts were blamed on the failure of the company to achieve a new power deal on cheap electricity supplies. The job losses will be implemented through voluntary redundancies by the end of September 2009.
UPDATE on 16/07/09: Anglesey Aluminium has announced 250 job cuts in addition to the 140 redundancies that were previously announced. The company and trade union Unite announced in a joint statement that aluminum production there will end in September because the plant was no longer viable. Earlier this month the firm was offered and rejected £48m in UK government aid because it was not enough for the company, Wales' biggest electricity consumer, to break even.
Eurofound (2009), Anglesey Aluminium, Internal restructuring in United Kingdom, factsheet number 69205, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/69205.
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