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.
Scottish oil, company Burntisland Fabrications, has announced that 170 of its 260 full time jobs are at risk of redundancy across three of its yards. A formal 90 day consultation has started on the affected jobs. The affected yards are Burntisland, Methil and Isle of Lewis. In early 2014 the company employed 2,500 staff most of whom were agency workers, but the current number now stands at 709. The decision to enter the consultation period comes as a number of contracts are coming to a close, and there is little further work on order.
Eurofound (2015), Burntisland Fabrications, Internal restructuring in United Kingdom, factsheet number 78599, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/78599.