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.
AEI Cables has announced plans to make 126 staff redundant. The company, due to difficult trading conditions, is halting the manufacture of house wiring cables. The 126 shop floor, office administration and sales jobs would go at its headquarters at Birtley. It will retain 200 other full-time employees. The company said it would co-operate with the GMB union in order to make the restructuring process as smooth as possible. However, the union had earlier stated it was considering legal action after claiming the firm refused to consult over redundancies.
Eurofound (2011), AEI Cables, Internal restructuring in United Kingdom, factsheet number 72063, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72063.