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.
Bathroom and kitchen manufacturer American Standard is to make 250 redundancies across its European operations. Gilliane Palmer, spokeswoman for American Standard, said the job cuts were down to rising raw material costs, increased competition and the need for the business to remain competitive.
She said: 'The loss of these jobs is a difficult choice to make, and we will do all we can to ease the transition for everyone involved. We don’t make these kinds of plans easily, particularly when the livelihoods of our people are affected.'
The Ideal Standard plant in Wolverhampton, UK will lose 106 jobs, but the group's Armitage Shanks division will gain around 30 jobs in Rugeley, UK and will be the base for distribution and product development
Eurofound (2007), American Standard, Internal restructuring in European Union, factsheet number 64934, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64934.