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.
Almost 100 jobs are being lost at a Teesside steelmaking plant. Corus says it is axing the posts at its beam mill plant, which has provided replacement columns for the World Trade Centre site in New York.
The company says it plans to invest more than £4 million in the Lackenby site, which employs 517 people, but that modernisation will require job losses. The company recently signed a deal to secure hundreds of jobs at a neighbouring slab steel facility.
Eurofound (2005), Corus, Internal restructuring in United Kingdom, factsheet number 61390, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61390.