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.
Durobor, the glass manufacturer, has announced a restructuring plan. 88 workers will be made redundant. Half of the affected workers will benefit from early retirement measures, the other half will be dismissed by 31 March 2005. 363 workers are to remain on the site. Assets of the company are also to be sold to finance a new investment programme, and trainings of employees will be implemented.
In October 2004, a previous restructuring had already made 83 employees redundant.
Eurofound (2005), Durobor, Internal restructuring in Belgium, factsheet number 61347, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61347.