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.
British sweets Chewits could no longer be produced in the UK, the Trade and General Workers' Union has warned. The fruity chews were launched in the UK in the 1960s and are made at a factory in Southport, Merseyside, which is now threatened with closure. More than 160 workers at the site have been told that Holland-based parent company is considering the plant's future. It is feared that production may be switched to a new factory in Slovakia. Franny Joyce, a spokesman for the union, said they were entering into talks with management but feared for the future of the sweet factory. Mr Joyce said Leaf International had recently been taken over by Dutch venture capitalist CVC. He said: 'We are very concerned. This is yet another example of British manufacturers being forced to close because it can't compete with cheaper manufacturers in eastern Europe.'
Eurofound (2006), Chewits, Offshoring/Delocalisation in United Kingdom, factsheet number 62779, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62779.