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.
Enics is one of the largest electronics manufacturing services companies in the industrial electronics field and provides end-to-end solutions including design, manufacturing, supply chain management and after-sales services for the whole lifecycle of its customers' products. Enics has nine production plants in Europe and China. Enics Eesti is doing contractor work for the mother company that is situated in Baden, Switzerland. Biggest customers for Enics Eesti are Swedish-Swiss electronic equipment company ABB, Finnish medical equipment company Planmeca and telecommunication equipment producer Teleste, Danish water pump producer Grundfos, American telecommunication equipment producer Scientific-Atlanta Arcodan and others. In spring 2006, Enics will expand its production space by 2,500 square metres. An EEK 45 million investment will expand the production lines and include new technology. The company is searching and hiring employees constantly, although finding employees is not easy in a town with only 3,365 working age inhabitants. Enics Eesti employed 100 workers in 2003, 250 workers in 2004, 361 workers in 2005 and 370 by the end of January 2006. The prognosis is that there will be 500 employees by the end of 2006.
Eurofound (2006), Enics Eesti, Business expansion in Estonia, factsheet number 62815, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62815.
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