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.
Vorwerk Autotec (VA), a major European developer and system-supplier of transmission engineering in the automobile industry, is going to build a new factory for automotive parts, replacing an unfinished dairy investment. The company has already bought 10 hectares of land from the city of Brodnica (Kujawsko - Pomorskie) for 1.5 million PLN, demolished the old facility and launched earthworks. The location is considered one of the biggest advantages of the small city, which is in northern-central Poland. Over the last three years, due to several major investments, the unemployment rate in the city decreased to approximately 11% and is soon expected to fall below 10%.
Eurofound (2006), Vorwerk Autotec, Business expansion in Poland, factsheet number 62974, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62974.