+1 to Marks suggestion about thermal overloads.
The old style automatic reset overloads are known to get crotchety in old age cutting things out randomly because they feel like it. I imagine many years of just sitting there doing nothing leads to build up of “stuff” and, perhaps, a loosening of the device that does the auto reset.
Mine had a small spate of such happenings about a decade back. Cured “for now” by decent spray of switch cleaner lubricant and operating the auto manual selector a few times. Whether it was a real fix or whether the problem just randomly went away I know not.
But if it ever happens again the old contactors and overloads are coming out and a new modern, DIN rail mount, set are going in. Truth to tell if I could have afforded the downtime to obtain new contractors and a DIN rail they would have been replaced there and then. But I needed the mill up and running to finish a paying job.
Clive