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.
Danish producer of electric lighting equipment, Martin, has announced that the production in Frederikshavn will be closed in the next six months with the loss of 185 full time jobs and 50 temporary agency jobs.
The American based Harman Group that bought Martin Professionals in 2012 has decided to concentrate the European activities of Harman at a large factory in Hungary. The plan is to close down in Denmark during the next half a year and simultaneously start up in Hungary. In 2012 all activities that earlier had been outsourced to China were insourced back to Frederikshavn.
The headquarters and the development department will remain in Århus. Danish management, the unions and the mayor of Frederikshavn will join forces to start to find new jobs for the redundant employees during the next six months. The mayor has announced that she will insist the American owners keep firmly to commitments that they have entered into before the closure. According to Danish company transfer regulations, they are obliged to try to mitigate the effects of the offshoring.
Eurofound (2015), Martin Professionals, Offshoring/Delocalisation in Denmark, factsheet number 84700, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/84700.
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