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.
GlaxoSmithKline, a company that operates in the pharmaceutical sector, has announced that it is to cut 55 jobs at its plant in Montrose, Angus. 300 people are currently permanently employed at the site, and another 70 temporary staff will see their roles phased out by the end of the year. The company is cutting the jobs as demand for products made at the factory has not been as high as predicted. As of 3 August 2008 it is not known when workers will be made redundant.
Eurofound (2008), Glaxo Smith Kline, Internal restructuring in United Kingdom, factsheet number 66940, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66940.