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.
On 21 November 2005 the manufacturer of tyres Nokian Tyres started codetermination negotations with the personnel in order to make 100 employees redundant and put the whole personnel of the Nokia unit off work for four weeks. According to management, the restructuring is carried out due to the high production costs and a working time shorter than competitor's.
Eurofound (2005), Nokian Tyres, Internal restructuring in Finland, factsheet number 62533, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62533.