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.
Autotex, a textile company that belonged to the American company Milliken and made airbags for cars has closed its plant in Asturias (Spain) and dismissed 207 employees.
The company had already closed another plant in Vacarisses (Barcelona) and dismissed 173 employees in 2004.
According to the company the reason for these two closures is the Asian competition.
The redundancy procedure has not been negotiated with the trade unions yet.
Eurofound (2006), Autotex, Closure in Spain, factsheet number 64612, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/64612.