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.
As announced on 12 January, the Dutch light bulb manufacturer Philips Lighting, will be closing its plant in Aachen by the end of August 2018, which will result in the loss of 158 jobs. The closure is a result of a decreasing demand for traditional light bulbs. Also, the move anticipates the implementation of a new EU-law, which stipulates that from 1 September 2018, only halogen bulbs with an energy class C are allowed to be sold. Philips Lighting and the German Metalworkers’ Union are actively negotiating with local businesses to take over employees.
Eurofound (2018), Philips Lighting, Closure in Germany, factsheet number 93018, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/93018.