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 speciality food and sauce company has announced its plans to close two factories in Wales, with the loss of 179 jobs, and to move work to Poland. G Costa said 151 workers at Abercarn, Caerphilly and 28 at Newtown in Powys would be affected next year. The firm said it had to secure its long term future by moving to a lower cost manufacturing operation. The company, which is part of the giant Associated British Foods group, said it was proposed that both factories would close in spring 2008. A 90-day period of consultation is underway with workers.
Eurofound (2007), G Costa, Offshoring/Delocalisation in United Kingdom, factsheet number 65192, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65192.