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.
Historic designer and manufacturer of sinks for kitchens and bathrooms, has announced that it will close its plant in Falkirk, Scotland and transfer production to a new plant in Slovakia. The company is now owned by the Swiss group Franke, but was originally founded as an iron foundry in 1759. Grahame Smith, the general secretary of the Scottish Trade Union Congress, described the news as 'a devastating blow'. Reports differ as to the expected timeline of the relocation. However, operations director Bart Doornkamp has stated that the company still must conclude negotiations with trade unions, to assist in the orderly phased closure of the plant which will be completed by December 2017.
Eurofound (2016), Carron Phoenix, Offshoring/Delocalisation in United Kingdom, factsheet number 88345, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88345.