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 automobile equipment supplier Harman Becker, specialised in sound systems for automobiles, announced in July 2006 that it will cut 133 jobs in its factory of Château du Loir (Sarthe), where it employs 489 people. The reduction of the jobs, to take place between September and December 2006, results from the difficulties in the sector of the car. There have been rumours that the company would offshore production to Mexico but the CEO has turned them down.
Eurofound (2006), Harman Becker, Internal restructuring in France, factsheet number 63806, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63806.