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.
The Danish iron foundry, Vald. Birn, announced on 14 August 2019 that 80 employees at the iron foundry in Holstebro, Jutland, will be made redundant. The reason is a recession in the German car industry, which has led to a decline over the summer in orders at Vald.Birn. Around 90% of the production of the company is exported, a great part of which goes to the German truck production. The noticed redundancies correspond to 15% of the total employees.
This is the first time in ten years that Vald.Birn uses a collective redundancy measure, which must be notified to the labour market authorities and negotiated with the employees before it can be implemented.
Eurofound (2019), Vald. Birn, Internal restructuring in Denmark, factsheet number 98362, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98362.