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.
Manufacturer of medical products, ConvaTec, has announced that it is to cut 93 jobs from its site in North Wales. The company, which employs 498 workers, intends to move manufacture of non-wound care products to another facility. It is being reported that although the job cuts will affect 93 of the 498 positions, all workers will need to reapply for their positions. Voluntary redundancy packages are on offer for qualifying staff and a consultation has been started with employee representatives. It is understood that the cuts will be completed by the end of the first quarter of 2017.
Eurofound (2016), ConvaTec, Relocation in United Kingdom, factsheet number 89280, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89280.