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.
The premises of Johnson Controls in Nelas, which is closing down in September 2007, have been bought by Basmad – Society of Management and Social Participations, SGPS, INC. A new company is going to be created – Sivenner – Folhas de Madeira Lda, which will start its activity in January 2008. Sivenner will employ, in a first phase in September 2007, around 300 former workers of Johnson Controls. Later, and until mid 2008, the company is planning to employ 400 additional employees. The new company is going to produce wood sheets to export to several countries in Europe.
Eurofound (2007), Siveneer, Business expansion in Portugal, factsheet number 65368, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65368.