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.
AS Norma, the Estonian manufacturer of safety seat belts, airbags etc, has announced the dismissal of 111 workers as a result of the deepening crisis in the automotive industry. The sales of the company´s clients - Russian, Ukraine and Western-European car manufacturers - keep declining, which has lead to the decrease in demand for the company´s production. It is expected that part of the staff will be required to work part-time. The company dismissed 52 workers in December 2008 for the same reasons.
Eurofound (2009), Norma, Internal restructuring in Estonia, factsheet number 68096, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/68096.