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.
Alutec, the Rzecz-based producer of aluminum elements and casts (for use, among other applications, in the automobile industry) plans to make 100 people redundant, out of its 300 employed workforce because it has not secured the hoped-for EU subsidies towards its development. The company borrowed heavily to purchase modern production hardware, and it had planned to cover the attendant costs with EU funds; these funds, however, were withheld because the company used funds contrary to their stated purpose.
Eurofound (2008), Alutec, Internal restructuring in Poland, factsheet number 66669, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66669.