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.
Zachem, the producer of toulene diisocyanate, allyl chloride, polyurethane foam and other chemical products, is to cut 130 jobs in 2010. Another 70 jobs will be cut between 2011 and 2012. The spokesman of Zachem blamed the job cuts on the company's bad financial situation and the need to adjust the company's operations to market demands. As journalists point, however, the lay offs are due to the expiration of a pact with the trade unions that had prevented the company from eliminating jobs. The restructuring plan envisages, inter alia, to merge the company's different departments and adjust the number of employees to the levels of production.
Eurofound (2010), Zachem, Internal restructuring in Poland, factsheet number 70504, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70504.