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.
Around 100 employees will be made redundant when the textile factory Trevira Neckelmann moves its production of FZ yarn to Guben, in the former DDR, where wages are 25% lower and energy 20% cheaper. The Trevira Group was bought in June 2004 by the Indian group Reliance Industries. Employees hope that Reliance Industries will create new jobs in the dye works of Silkeborg.
Eurofound (2004), Trevira Neckelmann, Relocation in Denmark, factsheet number 60775, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60775.