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.
Global automotive components producer Johnson Controls is to close its automotive electronics manufacturing site in Remchingen, Germany. 170 permanent jobs are to be lost and the closure will affect also 40 temporary jobs. As reported, Visteon is to acquire the electronic division of Johnson Controls and is not any more willing to continue the production activities in Remchingen.
Eurofound (2014), Johnsons Controls, Closure in Germany, factsheet number 76862, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/76862.