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.
Manufacturing Manufacture Of Computer, Electrical Electronic And Optical Products Manufacture Of Electrical Equipment 27.4 - Manufacture Of Electric Lighting Equipment
No information on job gains number available
Announcement Date
29 November 2021
Employment effect (start)
1 January 2022
Foreseen end date
31 December 2023
Description
Glamox is Norwegian lighting manufacturer. It relocated production from Germany to Poland and Norway and closed the German production facilities in 2022. This operation led to financial challenges non-recurring negative impact on EBITDA. The restructuring was expected to have a positive annual EBITDA effect after being fully implemented in 2023.The company's long-term outlook is optimistic, emphasizing increased focus on energy efficiency and digitalization.
Eurofound (2021), Glamox, Reshoring in Poland, factsheet number 300, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/300.
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