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.
Japanese firm Yazaki Wiring Technologies Company closed its plant in Prievidza where wire harnesses for the car industry were produced. All 1,208 jobs are to go and dismissed employees will receive redundancy pay in amount of 6 or 8 monthly wages according to the number of years in service for the company. Dismissals will take place in May and June 2010. Company management has offered about 300 redundant employees jobs in their Yazaki plant over 300km away in Michalovce, Eastern Slovakia.
Eurofound (2010), Yazaki Wiring Technologies, Closure in Slovakia, factsheet number 70522, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70522.