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.
The security group Chubb has intimated that it is transferring production at a south Wales fire extinguisher factory to China and would be cutting more than 150 jobs. The move will come as a blow to the workers at the plant in Ferndale, who wanted management to give its backing to an alternative proposal that would have seen the factory expanded. Eric Patry, president of Chubb Continental Europe, said: ‘Chubb's long history of production in Wales has made this a very difficult decision so we have taken the time to evaluate all our options. I believe transferring production to China is the best way for us to continue to provide our customers with a high quality product at a competitive price.'
Eurofound (2004), Chubb, Offshoring/Delocalisation in United Kingdom, factsheet number 60541, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60541.