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.
Dutch company CMF Group will invest around € 3 million in the next three years to expand its Slovakian subsidiary. CMF Slovakia will produce sheet metal based welding constructions using CNC-cutting, welding and other modern technologies. According to CMF Slovakia CEO Ben Beljaars, 'the new production plant will produce a wide range of modern steel parts used in production of machines and engines with high added value, e.g. high-lift trucks and trailers. The plant could provide an even wider range of products if needed'. Currently, the subsidiary employs 22 workers working in a single shift. The number of employees is said to increase to 50 by the end of 2006 and to to 200 by the end of 2007.
Eurofound (2006), CMF Slovakia, Business expansion in Slovakia, factsheet number 63287, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63287.