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 company Pasarela Textil is specialised in the manufacture of textiles and is based in Reus (Tarragona, Catalonien, Spain). After registering losses of € 155,000 in 2003, the management has decided the closure of the Reus plant creating 133 redundancies. The subsequent job reduction plan has been presented to the regional authorities. The management has decided to import textiles from China and continue only with the activity of the plant of Estampados del Tordera in Girona ( Catalonien, Spain). The Pasarela Textil company is owned by the Dutch company Eyelatser by 48.8 % and the Spanish Grupaser Textil by 46.1%. No reaction has been appointed yet by either labour representatives or regional authorities.
Eurofound (2005), Pasarela Textil, Closure in Spain, factsheet number 61303, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61303.