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.
The British storage company Whittan has just announced plans to close its production plant in Hauts-Sarts (Herstal). Citing economic reasons for its decision, management points out that the storage market is becoming increasingly competitive and that growing price instability in the steel sector has put pressure on costs. The production will, perhaps, be shifted towards the others European plants of the group: Telford (UK) and Durango (Spain).
Eurofound (2006), Polypal, Offshoring/Delocalisation in Belgium, factsheet number 63736, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63736.