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.
Bumar Łabędy of Gliwice, an armament manufacturer, will make 1,600 employees redundant out of its 3,300 strong workforce. The redundancies will be implemented by the end of 2009. The company blames the job losses on falling orders for its products, which include tanks and other fighting vehicles.
Eurofound (2009), Bumar Łabędy, Internal restructuring in Poland, factsheet number 68226, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68226.