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 21 April 2010, the management of the Delphi plant in Strasbourg (324 workers) announced the closure of the factory which produces hydraulic pumps for the auto sector. The Delphi group could not find a buyer to take the plant over. Potential buyers were in part dissuaded by the 34 millions euro they would have to pay to the employees in negotiated severance arrangements in case of an unsuccessful take over. The plant will close on 30 November
Eurofound (2010), Delphi, Closure in France, factsheet number 70614, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/70614.