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.
UK Coal has sent redundancy notices to 300 workers at the Kellingley and Thoresby pits, and staff at the head office. The deep mines in Yorkshire and Nottinghamshire respectively and the head offices near Doncaster employ a total of 1,300 people.
It was announced in April 2014 that these pits were to close although the sources at the time suggested an 18 month timescale. At the time it was noted that this managed closure was itself conditional upon some additional funding becoming available. It has been reported that the National Union of Mineworkers is considering putting together proposals for an employee buyout of the Kellingley pit. Although comparisons with the Tower colliery buyout are inevitable, it is noted that the situation is different as the Tower employees had already received redundancy payouts with which to finance the takeover.
The timeline for the restructuring is not known yet.
Eurofound (2014), UK Coal Production, Closure in United Kingdom, factsheet number 77150, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/77150.