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.
Grammer, a subsidiary of a German automotive parts producer, is to cut all 311 jobs at its site in Horaždovice by the end of 2009 due to a sharp economic downturn. The mother group has said the production will continue at the three remaining plants (Tachov, Most, Dolní Karlovice) where about 1,100 people are employed. However, according to the CEO, any further dismissals cannot be fully ruled out.
Eurofound (2009), Grammer, Closure in Czechia, factsheet number 68419, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68419.