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.
Gemfire, a fibre optics company, is to cut 250 jobs at its West Lothian site. The company decided to close down the factory blaming the credit crunch. A Livingston MP asked the company for a letter outlining the reasons for the closure. As of November 2008 there is no information on when the job losses will be implemented by.
Eurofound (2008), Gemfire, Closure in United Kingdom, factsheet number 67353, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67353.