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.
Kuehne+Nagel has announced it will be looking for 200 additional employees for its distribution facility in Tessenderlo. The main motive behind the expansion is the increased demand for logistical services due to the current growth of e-commerce indirectly resulting from the COVID-crisis. The share of Belgians making an online purchase at least once a month rose from 48% in 2019 to 56% in 2020. In a later phase the company plans to hire an additional 400 employees. The low local unemployment rate, as well as the presence of other logistics operations in the area, will make it challenging for the firm to recruit the new employees. Large recruitment events have bee organised.
Eurofound (2020), Kühne+Nagel, Business expansion in Belgium, factsheet number 102449, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/102449.