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.
Prysmian, a Berlin-based manufacturer of cables and cable systems for telecommunication systems, will close down one out of three German manufacturing plants. The product range of the Eschweiler plant, an acqusition from 2008, is said to be too narrow. The closure will result in 160 redundant positions.
Works council and trade unions have started protests; but the protest is not expected to change the restructuring plans.
Eurofound (2012), Prysmian, Internal restructuring in Germany, factsheet number 74151, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/74151.