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 24th January, Philips announced its decision to relocate the manufacturing of replacement lights for automotive headlights from Plauen to Poland. 130 out of 440 workers at the Plauen plant will be dismissed. In Plauen, management and the local works council have agreed on a social plan which will envisage the transfer of redundant employees to a job transfer agency.
Eurofound (2011), Philips, Offshoring/Delocalisation in Germany, factsheet number 71509, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/71509.