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.
Interparking, an international parking services provider, has announced the dismissal of about quarter of its employees. Concretely this amounts to around 95 people. The main reasoning behind the restructuring measure is related to the current Covid-19 crisis. The crisis has led to strict measures that discouraged people going to their workplace and instead encouraged them to work from home. In addition, the different travel restrictions have reduced activity at the airports, which is an important source of income for the company. A secondary reason is the fact that in large cities like Brussels, policy increasingly tries to discourage people from using their cars to enter the city, in order to reduce traffic.
Eurofound (2020), Interparking, Internal restructuring in Belgium, factsheet number 102144, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102144.