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.
Jeld-Wen, a company manufacturing wooden doors and related products, plans to increase its production volume by a third in 2021. Despite the COVID-19 pandemic, the company has managed to strengthen their market position and find new clients. To meet the demand, they have decided to rearrange their work processes and thus as of June 2021, a 12-hour work schedule will be introduced in the factory. This requires the recruitment of additional 160 employees as soon as possible, which is unusual and positive news for the region, where 2,000 persons are currently registered as unemployed.
For previous restructuring events, see Jeld-Wen2014-SE, Jeld-Wen2008-SE.
Eurofound (2021), Jeld-Wen, Business expansion in Estonia, factsheet number 104869, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104869.
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