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.
Akzo Nobel Car Refinishes has announced a major restructuring plan in order to improve its performance. The focus will be on realigning the business with changing market conditions. The proposed measures, which will be carried out during 2004-2006, involve the reduction of an equivalent of approximately 600 full-time jobs (10% of the global workforce). Most regions of the world will be affected. Discussions with all relevant parties about the restructuring plans have started. Akzo Nobel Car Refinishes intends to limit compulsory redundancies as much as possible.
Eurofound (2004), Car Refinishes, Internal restructuring in World, factsheet number 60545, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60545.