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.
Automotive supplier Geiger technik has announced the closure of its factory in Garmisch-Partenkirchen towards the end of 2007. Relentless pressure on margins in the sector made the concentration on one factory in Bavaria inevitable the management said. Some of Garmisch's production will be transferred to the remaining Bavarian factory in Murnau, parts to the company's other factory in Poland. Geiger technik is in negotiations about a redundancy programme.
Eurofound (2005), Geiger technik GmbH, Offshoring/Delocalisation in Germany, factsheet number 61975, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/61975.