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.
The DuPont de Nemours Group, specialised in the production of chemical products, has decided to close one of its four plants in the industrial complex in Asturias (Spain). The industrial complex required an initial investment of 156.26 million euros for its four plants and produced THF used in the manufacture of man-made fibres. The decision occurs after the DuPont de Nemours Group has decided to sell its Textile Division to the US Koch Industries Corporation, including the production plant in Asturias. The 90 redundancies are to be relocated in the other three plants of the industrial complex of Asturias. The Group tries to complement this with other indirect job reduction measures like voluntary redundancies. DuPont de Nemours' management announced on April 2004 3,500 redundancies in its factories in the USA and Europe.
Eurofound (2004), DuPont de Nemours, Relocation in Spain, factsheet number 60329, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60329.