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.
Motherwell based manufacturing firm Terex Trucks has announced plans to cut 65 jobs from its workforce. The workforce currently numbers 365, and in 2009/10 had 630 workers. Established in 1950, the firm was acquired by Volvo in 2014. The company produces specialist vehicles - articulated and rigid dump trucks - which are used in industries like mining and construction. It has been reported that the jobs which have been earmarked to be cut include 10 administrative positions and 55 shop-floor positions. The job losses will be subject to the statutory consultation process, and once this is completed, further details about the timetable will be known.
Eurofound (2016), Terex Trucks, Internal restructuring in United Kingdom, factsheet number 87874, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/87874.