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.
Electronics company Flextronics' US owners have decided to close down the company's division in Skive (Denmark) by the end of 2011. This will result in 280 job cuts at the division. After negotiations with the employees' union 3F it has been agreed that the redundant employees will receive € 1.3 million in severance pay. At the same time the job centre in Skive sets up a further training plan for the redundant employees funded by the so-called 'early warning pool'.
As reported, Denmark has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2011), Flextronics, Closure in Denmark, factsheet number 72461, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/72461.