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.
US-based global producer and distributor of labeling and packaging materials Avery Dennison announced plans to move its label manufacturing activities from the Netherlands (Hazerswoude-Rijndijk) to its site in Schwelm in Germany.
As reported, 186 jobs are to be lost and the relocation will gradually take place by the summer of 2015. According to the sources, the restructuring is in a bid to improve competitiveness in the aftermath of the economic crisis and the demand for cheaper products. Avery Dennison currently employs approx. 600 people in the Netherlands.
Eurofound (2014), Avery Dennison, Offshoring/Delocalisation in Netherlands, factsheet number 76466, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76466.
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