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.
Manufacturing Manufacture For Transport Equipment Manufacture Of Motor Vehicles, Trailers And Semi-Trailers 29.3 - Manufacture of parts and accessories for motor vehicles
163 jobs Number of planned job losses
Announcement Date
19 January 2009
Employment effect (start)
1 February 2009
Foreseen end date
1 July 2009
Description
AS Norma, the Estonian manufacturer of safety seat belts, airbags etc, has announced the dismissal of 111 workers as a result of the deepening crisis in the automotive industry. The sales of the company´s clients - Russian, Ukraine and Western-European car manufacturers - keep declining, which has lead to the decrease in demand for the company´s production. It is expected that part of the staff will be required to work part-time. The company dismissed 52 workers in December 2008 for the same reasons.
Eurofound (2009), Norma, Internal restructuring in Estonia, factsheet number 68096, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/68096.
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