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.
The water tap manufacturer Oras will cut down 120 jobs at its main plant in Rauma in Finland in the course of two years in order to improve its competitiveness. Most of the personnel cuts will be effected without redundancies.
In addition to Rauma, Oras has production in Norway and Poland. The company employs a total of 1,100 per-sons, 750 working at Rauma.
Eurofound (2006), Oras, Internal restructuring in Finland, factsheet number 63193, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/63193.
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