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.
A Nottinghamshire tool factory appears set to close, and 190 jobs are likely to be lost with the closure, as it was announced on 5 December 2006. Management want to close the Dormer Tool plant on Shireoaks Road, Worksop, and move production to Brazil. Union representatives have travelled to Sweden to lobby senior executives of the parent company Sandvik Tools in an attempt to save the jobs. Staff say the decision is a 'massive blow' and they cannot understand the decision to close the factory given current levels of productivity.
Eurofound (2006), Dormer Tool, Offshoring/Delocalisation in United Kingdom, factsheet number 64566, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64566.