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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Brussels
Sector
Hotel / Restaurants Accommodation And Food Service Activities Food And Beverage Service Activities 56.2 - Event catering and other food service activities
550 jobs Number of planned job losses
Announcement Date
4 June 2020
Employment effect (start)
4 June 2020
Foreseen end date
Description
Compass Group, a multinational food service company (the largest in the world), has announced restructuring measures for its division in Belgium. In total approximately 550 jobs are at risk. The company management states that because of the current COVID-19 crisis, the company has suffered significant losses and needs to restructure. The company is specialized in the catering provision for company and school restaurants, the care sector as well as (sporting) events. A lot of their customer base has been shut or locked down as a result of the crisis. The local trade union representation is very critical of the way the company management is dealing with the difficulties the company is currently in.
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The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
