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.
Cadence Innovation, a manufacturer of molded plastic components for the global automotive industry, has announced up to 300 job cuts by the end of 2008 due to the global financial crisis.
With a total workforce of more than 4,200, Cadence Innovation operates 17 facilities in the United States and the Czech Republic. The company employs 2,300 people in three Czech manufacturing plants - Liberec, Libáň, Nymburk.
Eurofound (2008), Cadence Innovation, Internal restructuring in Czechia, factsheet number 67540, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67540.