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.
ConvaTec are making 150 staff redundant from its factory which makes medical devices on Deeside. ConvaTec, which makes chronic care and wound healing products, employs more than 950 people on the Deeside Industrial Estate. The company, part of the American medical group Bristol-Myers Squibb, is losing 330 jobs worldwide, with the work being transferred to Nypro, a company based at Clinton, Massachusetts. Pete Paradossi, corporate director for ConvaTec, said the jobs would be lost over the following 12 months. 'Deeside remains a very important location for ConvaTec which is still the headquarters for our development and our wound care side of the business,' he said. The jobs going range from manufacturing, supervisory to office staff.
Eurofound (2004), ConvaTec, Offshoring/Delocalisation in United Kingdom, factsheet number 60830, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60830.