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 sanitary ware manufacturer Royal Sphinx in Maastricht will cut 261 of its jobs under a restructuring programme, Sphinx management said on 17 December 2004. Currently, Sphinx employs some 450. The company has been facing difficulties with the competition from the low-wage countries and needs a significant restructuring in order to ensure the future. Moreover, Sphinx announced that its plant in the inner part of the city of Maastricht will be relocated to the industrial site Beatrixhaven outside the city.
Eurofound (2004), Sphinx, Internal restructuring in Netherlands, factsheet number 60945, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60945.