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.
Kelman Ltd is creating 104 jobs at its manufacturing plant in Lisburn, Northern Ireland. The company, which manufacturers monitoring and diagnostic technology for electrical grids and is owned by the multi-national company GE, one of the world's leading suppliers of power generation equipment, will recruit staff for advanced manufacturing, research and development and technical support roles. Invest NI will make a contribution of £981,000. Enterprise Minister Arlene Foster said: "This significant investment reflects GE's confidence in its Lisburn operation and in the quality of the local workforce. Generating almost £2.5m annually in salaries to the local economy, this investment is a welcome development for the manufacturing sector and the local economy,". U.S. Economic Envoy to Northern Ireland, Declan Kelly said "It is proof yet again that U.S. headquartered companies are willing to invest in a significant way in Northern Ireland, and in the case of companies like GE Energy, re-invest in the region as a result of having an ongoing positive experience." No information was given for the number currently employed by the company or the recruitment timeline.
Eurofound (2010), Kelman Ltd, Business expansion in United Kingdom, factsheet number 70552, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/70552.
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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