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.
Eaton, the american multinational that manufactures motor, weapon and electronic components, announced on 29 September 2006 that it is going to close its factories in Montornés del Vallés (Spain) and Manchester (UK).
The company has not announced yet when the dismissals will start to take place but it has assured that both plants will be closed by the end of 2006.
Eaton will also close the plant it has in Saginaw (Michigan, U.S.) at the end of 2008. This is all the result of an internal restructuring of the company.
All 154 employees in Barcelona will be dismissed.
Eurofound (2006), Eaton, Closure in Spain, factsheet number 64173, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64173.