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 electrical component producer Eljo is going to close down its unit in Båstad and to cut 132 jobs, as it was announced on 22 January 2007. 'The decision has been taken after auditing of the production units and the logistics flows', said Schneider Electric, owner of the company. The activities will be transferred to other plants located in Nordic countries. 'The Swedish trademark and its products, which are produced on several plants, will remain and will be further developed', stated Björn Forsberg, spokesman of the company.
Eurofound (2007), Eljo, Relocation in Sweden, factsheet number 64831, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64831.