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.
Almost 350 workers at a spark plug factory in Wirral have been told they will be out of a job in the New Year. The Champion Spark Plugs plant in Upton has been losing money for years, its parent company Federal Mogul said. Bosses at the US firm said they would enter into a 90 day consultation with staff with a view to closing the factory in spring 2006. A spokesman said the firm had been hit by the growth of diesel cars, falling demand and cheaper imports. Champion Spark Plugs was established at the Upton site in 1968 and was taken over by Federal Mogul in 1998.
Eurofound (2005), Champion, Closure in United Kingdom, factsheet number 62645, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/62645.