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.
Thanks to the acquisition by VDL Groep of Componenta, a Finnish metal casting company producing parts for trucks and heavy machinery that went bankrupt in September 2016, 150 former employees will be employed again at the foundries VDL Castings Weert and VDL Castings Heerlen. 336 employees and 120 temporary agency workers had lost their jobs due to the bankruptcy, but VDL Groep expects that, as orders pick up, they will be able to hire a substantial number of the former employees.
VDL Groep is a family-owned business conglomerate engaged in the development and production of the manufacturing of finished and semi-finished products, buses and coaches. It has production facilities in several European countries and sales offices worldwide. It has recently contributed to significant job growth at their car manufacturing plant VDL Nedcar in Born, in the same region as VDL Castings Weert and VDL Castings Heerlen.
Eurofound (2017), VDL Castings, Business expansion in Netherlands, factsheet number 90011, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/90011.