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.
Following the cancellation of two deals to build two new nuclear power stations, energy company Horizon Nuclear Power has launched a redundancy process. The company was involved with the design and building of the new Wylfa plant on Anglesey and the design of a new plant at Oldbury on Severn. The news means that between 300 and 380 workers will be made redundant - 300 from the head office in Brockworth, Gloucestershire, 50 at Anglesey and 30 at Oldbury. There has been no timescale reported for the redundancies. Unions have expressed dismay over the cancellation. Greenpeace stated that the government is realising that renewables rather than nuclear are the future.
Eurofound (2019), Horizon Nuclear Power, Internal restructuring in United Kingdom, factsheet number 96685, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/96685.