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.
American supplier of automotive components SMP Poland, a subsidiary of SMP, has announced that it will increase its employment capacity by 13% which implies that 65 new jobs will be created at the unit in Białystok. The recruitment process will start in December 2016. New employees will be engaged in the production of ignition coils as the company decided to transfer this segment of its production from the USA to Poland.
SMP was founded in 1919. Currently, the company is a leading producer, distributor and marketer of replacement parts for motor vehicles in the automotive aftermarket industry and has production facilities in seven countries worldwide. SMP Poland has been operating since 2006; the company employs 500 workers.
Eurofound (2016), SMP Poland, Business expansion in Poland, factsheet number 88758, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/88758.