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.
Johnson Controls, dedicated to the production of car accessories, is to close with the consequent redundancy of 260 employees. The board of the company have reached an outline agreement to compensate the employees of the factory in Campo Real. The company's justification for the shutting down of the Campo Real factory (Madrid) is because of the economic crisis and for reasons associated with the difficulties that the car industry is experiencing.
Eurofound (2009), Johnson Controls, Closure in Spain, factsheet number 68039, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68039.