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.
The American group Kraft Foods, world number 2 in the food industry, announced a worldwide restructuring plan over the next three years. This programme involves the closure or selling of 20 manufacturing sites and a reduction of its workforce by 6%, i.e. 6,000 people. In a first step, only 3 production sites will be closed, 2 in the United States, 1 in Central Europe. The other closures and redundancies will take place in the next 3 years.
Eurofound (2004), Kraft Foods, Internal restructuring in World, factsheet number 59787, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59787.