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.
On 5 December 2008, the Global Engineering Alliance (GEA) announced to close down its affiliate Ruhr-Zink in Datteln by the end of 2008. Ruhr-Zink produces zinc and employs 235 employees who are affected by the closure. A social plan was set up to regulate the closure. A company spokesperson stated that Ruhr-Zink was suffering losses for several years due to the low zinc prices and rising energy costs. Ruhr-Zink’s affiliate MG Rohstoffhandel headquartered in Frankfurt is not affected by the closure. It will operate independently in future.
Eurofound (2008), Ruhr-Zink, Closure in Germany, factsheet number 67616, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67616.