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.
Food manufacturer Bakkavor has announced plans to create 470 new jobs at two of its sites in the East Midlands. The company which manufacturers a range of food lines including ready meals, delicatessen products and cakes, will be taking on new staff in order to meet the increased demand for these products. 370 jobs will be created at the Bakkavor Desserts production site in Newark, Nottinghamshire. This site which manufactures cakes and desserts will deploy the new staff to create a new night shift as well as boosting numbers on the day shift. In Holbeach St Marks in Lincolnshire, 100 jobs will be added to the Bakkavor Freshcook site, which specialises in ready meals and delicatessen products for the luxury market; one of the contracts which it supplies is for Marks and Spencer's. Currently 1,700 people work at the Newark site and 600 staff work at the Holbeach St Marks plant. The timetable for the creation of the new jobs has not yet been announced.
Eurofound (2016), Bakkavor, Business expansion in United Kingdom, factsheet number 87875, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/87875.
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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