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.
On 10 april 2006, both employees and the union FNV Bondgenoten agreed with the social plan that accompanies the closure of Klöckner Pentaplast (chemicals). The closure of the factory in Weert had been announced in November 2005 and will result in the loss of 250 jobs. The Weert factory, which is specialised in producing packaging films, as well as polyester applications, has lost a multiple of 10 million euros in 5 years. This is the reason the parent company wants to relocate the production to Germany and Spain.
Eurofound (2005), Klöckner Pentaplast, Offshoring/Delocalisation in Netherlands, factsheet number 63341, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63341.