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.
Sphinx, a tiling company, announced on the 14 January 2009, that it will cut 110 jobs at its plant in Maastricht, in the Netherlands. The production of tiles will be relocated to France, cutting 110 jobs from 128 in Maastricht. The company was declared bankrupt in November 2008, but then it seemed that recovery was possible. In the end, production costs in the Netherlands were deemed to high, and with existing sufficient production capacity in France, Sphinx will retain only its sales office in Maatricht.
Eurofound (2009), Sphinx Tegels, Relocation in Netherlands, factsheet number 68071, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68071.