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.
Castellón, the producer of wiring and mirrors for cars, has announced the closure of its factory in Madrid with the loss of 150 jobs. Castellón works for the main multinational companies in the automotive industry, amongst which the Indian company Tata.
The Spanish authorities had previously applied to the European Globalisation Adjustment Fund (EGF) for aid.
Eurofound (2009), Castellón, Closure in Spain, factsheet number 68788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68788.