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.
Wrekin Construction Group has made 420 employees redundant after it went into administration on 10 March 2009. The cuts were blamed on cash-flow problems and affected staff at company sites in Shropshire, Northamptonshire, Cheshire and Yorkshire. The company kept 70 staff at headquarters in Shropshire to help administrators with the closure of the business.
Eurofound (2009), Wrekin Construction, Bankruptcy in United Kingdom, factsheet number 68502, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68502.