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.
165 jobs are to be lost at the Wylfa nuclear power station on Anglesey in North Wales. The plant will no longer be involved in the production of energy and will switch to defueling. Magnox, the owners of the plant, have confirmed that fewer staff will be required for the new tasks which will be carried out on the site. The job losses mean that the workforce will reduce from 522 to 357 by May 2016. Magnox has confirmed that it will seek to make voluntary redundancies wherever possible.
Eurofound (2015), Magnox, Internal restructuring in United Kingdom, factsheet number 86057, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/86057.