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 For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
New offshoring locations
Poland
140 jobs Number of planned job losses
Announcement Date
28 January 2004
Employment effect (start)
Foreseen end date
Description
The Canadian multinational company Magna, a world leading manufacturer in the automotive components sector, announced the closure of its subsidiary Rolam, with a view to relocate production in Poland. Rolam is in Altare, in the province of Savona, and now employs 140 people. Recently, the firm employed more than 200 workers and had already been involved in a restructuring effort. In the latest three years demand has been decreasing and the company recorded a total loss of more than 7 million euros.
Sources
29 January 2003: Il Sole 24 Ore
Citation
Eurofound (2004), Rolam, Offshoring/Delocalisation in Italy, factsheet number 59494, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/59494.
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