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.
Burberry has announced plans to close its plant in Rhondda in Wales. The company will talk to the assembly government but it looks set to move production to Asia or South America. Burberry said the plant was not 'commercially viable'. Workers at the Burberry factory in south Wales have decided to fight closure plans after a mass meeting. Mervin Burnett, of the GMB union, said shock had turned to anger and they are to write to the firm asking it to withdraw the 300 redundancy notices. The union wants to examine the firm's financial position and consider ways to save the plant at Treorchy, Rhondda.
Eurofound (2006), Burberry, Offshoring/Delocalisation in United Kingdom, factsheet number 64034, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64034.