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.
Car components manufacturing company MAT Foundries Europe is expected to close one of its three production lines by the beginning of 2020, according to the mayor of Ückermünde. The decision derives from the poor integration of the line with the production process, determining as well complaints with respect to noise and dust. The shutdown of the line is expected to affect 120 agency employees, mainly foreign-born from other EU Member States.
The foundry in Ückermünde produces iron products, like safety castings for passenger and commercial vehicle industries.
Eurofound (2019), MAT Foundries Europe, Internal restructuring in Germany, factsheet number 98625, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/98625.