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.
Valmet Automotive, a Finnish service provider to the automotive industry, has announced the creation of 160 jobs at its newly opened plant in Kirchardt, Baden-Württemberg. Valmet Automotive has opened its first battery plant in Germany in Kirchardt. The plant has a total area of 60,000 square metres. On an area of around 11,500 square metres, Valmet Automotive has built a highly automated production facility that provides jobs for around 160 employees. The production focuses on batteries for hybrid as well as electric vehicles. The Valmet Automotive Group is a leading European manufacturer of battery systems for electric vehicles and vehicle kinematics for original equipment manufacturers, as well as one of the largest vehicle contract manufacturers in the world. The company employs around 4,100 people at locations in Finland, Germany and Poland.
Eurofound (2023), Valmet Automotive, Business expansion in Germany, factsheet number 109313, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/109313.
This working paper offers a comprehensive methodological overview of the European Restructuring Monitor (ERM) databases. Even though the methodology has not changed over time, new categories have been added, and the way it has been used by researchers and policymakers...
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