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.
Manufacturing (22 - 23) Manufacture of rubber, plastic and non-metallic minerals 22.2 - Manufacture of plastic products 22.22 - Manufacture of plastic packing goods
New offshoring locations
Germany, Spain
250 jobs Number of planned job losses
Announcement Date
1 November 2005
Employment effect (start)
1 August 2006
Foreseen end date
31 December 2006
Description
On 10 april 2006, both employees and the union FNV Bondgenoten agreed with the social plan that accompanies the closure of Klöckner Pentaplast (chemicals). The closure of the factory in Weert had been announced in November 2005 and will result in the loss of 250 jobs. The Weert factory, which is specialised in producing packaging films, as well as polyester applications, has lost a multiple of 10 million euros in 5 years. This is the reason the parent company wants to relocate the production to Germany and Spain.
Sources
11 April 2006: Het Financieele Dagblad
Citation
Eurofound (2005), Klöckner Pentaplast, Offshoring/Delocalisation in Netherlands, factsheet number 63341, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63341.
Eurofound’s ERM restructuring legislation database offers an overview of key restructuring-related regulations in the EU Member States and Norway. Its content is continuously updated to reflect any changes made by national legislators in response to, for instance, policy shifts, legal...
Can Europe still achieve its ambitions for battery manufacturing? To answer this, the article looks at data from Eurofound’s European Restructuring Monitor and explores what recent large-scale restructuring events reveal about the state of play in the EU battery sector.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
This Eurofound research paper explores key trends in restructuring in recent years, highlighting the companies that announced the largest job losses and job gains in the EU. It builds on an analysis of company announcements recorded in Eurofound’s European Restructuring...
In 2023, thousands of workers in big tech lost their jobs. Meta, Amazon, Google, Apple, Microsoft and Salesforce had been considered to offer good and secure jobs up to this point. Giants of the information and communication technology (ICT) sector,...
In 2024, the automotive sector in the EU came to the fore in public and policy discussions. The focus was on the slowdown in electric vehicle (EV) sales, rising global competition, belated investments in new technologies, and the potential closure...