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.
Chemical company Johnson Matthey has announced that it has entered into consultation over proposed job losses affecting 50 workers at two of its sites in the North East of England. The site in Stockton employs 257 workers and the one in Billingham employs 87 workers, which adds up to 334 workers in total. The move has been prompted by a slowdown in the Chinese economy, and a spokesperson for the business commented that the decision was made in order to secure the long-term viability of the business. The consultation is expected to conclude in October 2017, with the timeline for redundancies announced at the end of the process.
Eurofound (2017), Johnson Matthey, Internal restructuring in United Kingdom, factsheet number 91707, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/91707.