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.
US automotive supplier Honeywell Turbo Technologies is seeking to reduce its workforce by 74, initially by offering voluntary redundancy, due to the obsolescence of a product line at its Waterford plant.
The company will also introduce short-time working for the remaining staff due to the reduced manpower demand.
Honeywell aims to maintain the employment levels at the plant at 300.
As announced the company has already established a replacement product line without giving futher information on its location.
Eurofound (2013), Honeywell Turbo Technologies, Offshoring/Delocalisation in Ireland, factsheet number 75967, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/75967.