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.
Hawick Knitware, a Scottish textile company, is to cut 39 jobs at its Borders site. The company blamed the rise in enegy costs, the impact of the national minimum wage and the slowdown in consumer spending for the job losses. The announcement of the cuts followed a 30-day consultation period with the unions. According to the company, the cuts were necessary in order to safeguard the jobs of the remaining 222 employees of the site. As of November 2008 there is no information on when the job losses will be implemented by.
Eurofound (2008), Hawick Knitware, Internal restructuring in United Kingdom, factsheet number 67347, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67347.