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 19 January 2010, Wärtsila, a manufacturer of engines and screw propellers for ships, announced the loss of 570 out of 1,500 jobs in the Netherlands. 400 jobs will be lost in Drunen (Brabant) and the remainder in Zwolle (Overijssel) and Schiedam (Zuid Holland). The production will be offshored to China. In the past few years, Wärtsila had made significant investments in these plants.
Eurofound (2010), Wärtsila NL, Offshoring/Delocalisation in Netherlands, factsheet number 70161, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70161.
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