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 20 March 2009, the management of the ceramics factory Villeroy & Boch announced the termination of its production activities in Luxembourg in 2010. The company is reported to be centralising production in its German plants. There are two production lines in Luxembourg: the first is scheduled to be shut down by the end of the year and the second should be closed by the end of June 2010. The company suffered a massive decline in orders in 2008 and at the beginning of 2009. The closure is part of a worldwide restructuring of the company involving 900 of its 9,250 global workforce.
Eurofound (2009), Villeroy&Boch, Closure in Luxembourg, factsheet number 68654, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68654.