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.
Bellus Furnitur, a company manufacturing soft furniture in Estonia, announced that it will close down its smallest factory based in Kose in North-Estonia in December 2012 and make 60 of their 420 employees redundant.
The work of the factory, which produces sofa-beds, will be taken over by other factories of the company placed in Haljala and Räpina. It is reported that some of the employees may be offered relocation, in case of job openings in other factories.
The company also announced that it is not planning any other restructuring in their manufacturing in the nearer future; instead it will focus on increasing their sales in new markets, e.g. in Russia and Germany.
Eurofound (2012), Bellus Furnitur, Internal restructuring in Estonia, factsheet number 74384, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74384.