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.
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.
Eurofound (2020), Compass Group, Internal restructuring in Belgium, factsheet number 100812, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100812.
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