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.
Danish manufacturer of pumps and compressors, Grundfos based in Bjerringbro, Jutland, announced 23 April that 391 employees will be made redundant at its headquarters due to the current financial crisis. The dismissals will include 212 salaried employees (white-collar) and the rest will be divided between skilled and unskilled workers. It is the first time ever that the multinational company has reduced staff among the salaried employees. Furthermore Grundfos has 1,000 hourly-paid workers at work-sharing in the lawful 13 weeks. Grundfos has 4,500 employees in Bjerringbro and 18,000 worldwide.
Eurofound (2009), Grundfos, Internal restructuring in Denmark, factsheet number 69006, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69006.