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.
D'Ieteren, a Belgian car distributor and importer, has announced significant restructuring within the company. According to the company management the restructuring is intended to help the company to cope with the impact of the current COVID-19 related health crisis (including its long term economical consequences) as well as the changing buying behaviour of customers.
The restructuring is part of a strategy by the company that started approximately a year ago. However, the company management wants to speed up the process. More concretely parts of the company will be terminated such as the contact centre in Kortenberg. In addition a new owner will be sought for D'Ieteren sport that imports Yamaha products. In total approximately 211 employees will be affected by the measures.
Eurofound (2020), D'Ieteren, Internal restructuring in Belgium, factsheet number 100788, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100788.