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 Belgian group Agfa-Gevaert has announced to close its plate factories at Pont-à-Marcq (Nord) by the end of 2020 and at Leeds (United Kingdom). The announcement affects 175 jobs in France and 76 in Leeds. Agfa-Gevaert explains it faces a 'significant and structural" decline in demand in the 'extremely competitive offset printing market'. The company says it will have to adapt its capacity to better respond to changing market conditions. The drop in demand is reflected in lower volumes as well as falling prices. The decrease is even more pronounced for Themofuse plates (environmentally friendly offset plates) produced at these two plants than for other plates, Agfa-Gevaert added.
Eurofound (2020), Agfa-Gevaert, Closure in World, factsheet number 100902, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/100902.