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.
Wagon Automotive, the automobile equipment supplier, announced on 1 December 2006 that 870-900 jobs will be cut between December 2006 and March 2007 in Europe. In the EU, Wagon Automotive currently employs a total workforce of 7,800.
Wagon Automotive has confirmed the sale of five low-tonnage stamping plants in the UK, Germany, Belgium and France as a part of programme to integrate Oxford Automotive, which it acquired earlier this year, into its business.
The group will continue its internal restructuring programme to increase its competitiveness in Europe.
Between December 2006 and March 2007, the plan envisages the following job cuts: 581 in France, 166 in Fleurus in Belgium, 90 in Nagold in Germany and 35 in Brownhills in the UK.
Eurofound (2006), Wagon Automotive, Internal restructuring in European Union, factsheet number 64593, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/64593.