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.
C&F Group is a car components and wind turbine manufacturer, headquartered in Galway (Ireland). The C&F group employs 984 people worldwide and has clients such as IBM, EMC, APC and so on. It is reported that C&F Group will shut down its factory which makes car components in Neunkirchen (Germany) and transfer those manufacturing activities to the Collinstown plant (Ireland). Approximately 90 workers in Neunkirchen (Germany) will be affected by this closure. Senior staff said that the company has considered potential investors who may prepare to take over the business. It is also reported that the EBITADA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of C&F is € 7 millions and the sales is € 91 millions. In 2018, the company expects to reach 8% growth for EBITDA and will focuses more on Asia and Australia markets.
Eurofound (2017), C&F Group, Reshoring in Ireland, factsheet number 89, European Restructuring Monitor. Dublin, https://dev.eurofound.europa.eu/restructuring-events/detail/89.
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