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.
Alcan Inc. , plans to cut 410 jobs as it restructures two of its engineered products plants in Europe. Alcan, the world's second larger aluminum maker, said it expects to integrate extrusion activities at its site in Singen, Germany and Sierre, Switzerland, to improve efficiency. The company also plans to consolidate its automotive structures and composite operations into the Singen facility. The measures will affect about 300 people at Singen and 110 people at Sierre. The firm has more than 2,200 employees at its engineered products site in Singen and about 1,200 in Switzerland's Valais region.
Eurofound (2005), Alcan, Internal restructuring in Germany, factsheet number 61888, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61888.