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 19 March 2007 the Danish manufacturer of refrigerators and freezers, Vestfrost in Esbjerg, announced that 240 employees will be dismissed as from July this year. The dismissals will take place in the frost box department, and their workplaces will be offshored to an EU country. The reason for offshoring are increasing prices on oil and metal - and lower labour costs in the new, so far not announced, EU country. At the end of 2006 Vestfrost dismissed 174 employees.
Eurofound (2007), Vestfrost, Offshoring/Delocalisation in Denmark, factsheet number 65750, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65750.