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.
U.S. based car gear box manufacturer Dura Automotive is to close its plant in Llanelli, South Wales with the loss of 270 jobs. The firm, that employs 16,000 workers worldwide, said it had notified the Amicus union it proposed shutting the plant by the end of the year, and blamed the 'very competitive environment' in the motor industry. Welsh Assembly Government Enterprise minister Andrew Davies said he was seeking 'an urgent meeting with the company to discuss this very disappointing decision'. Amicus regional secretary Carl Lucas said it was a 'severe blow' to Llanelli and 'another nail in the coffin of Welsh manufacturing.' He urged the assembly government to intervene saying it was the fourth closure he had dealt with in as many weeks.
The parent company, based in Michigan, launched a major restructuring drive back in February, with plans to close between five and 10 plants worldwide. Dura chairman Larry Denton said: 'These decisions are never easy and we recognize the potential impact on our employees and the community.'
Eurofound (2006), Dura Automotive, Closure in United Kingdom, factsheet number 63605, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63605.
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...
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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...
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