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.
Polaroid announced on 11 February 2008 that it is to cut 185 jobs with the closure of its factory for polaroid direct-ready films in Enschede. the reason for the closure is attributed to the emergence of digital photography. The facility is expected to close in July 2008. As of February 2008, there is no information on when the job losses are to be implemented.
30 of the 185 employees made redundant will be offered new positions in a distribution centre, which will be established around the same date of the closure of the facility in Enschede. The unions and the works council are said to be satisfied with the social plan.
Eurofound (2008), Polaroid, Closure in Netherlands, factsheet number 66307, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66307.
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