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 2 April 2012, US-based chemical producer Dow Chemical announced the closure of four plants and the loss of 900 jobs. The restructuring affects 1,7% of its total workforce (52,000 employees). The company expects to close plants which produce insulation material in Brazil, Portugal, Hungary and United States (Illinois). The plant making styrofoam in the Netherlands will be put into idle mode. The group attributes the decision to the weak European construction market.
Eurofound (2012), Dow Chemical, Internal restructuring in World, factsheet number 73435, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73435.