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.
Bortex Group announced on 21 June 2007 that it will lay off 113 employees as it is winding up its remaining production line on the island. The company had been responding to a continuous price pressure leading to a loss. However, the organisation stated that it will continue to use Malta as its operating base, employing 129 people. The Employment and Training Corporation (ETC) reported that a number of employers have already shown an active interest in recruiting the redundant workers.
The Maltese authorities had previously applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2007), Bortex, Internal restructuring in Malta, factsheet number 65522, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65522.