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.
CommScope, an international provider of network infrastructure, has announced that it will dismiss 300 employees at its facility in Kessel-Lo, including 241 blue collar workers and 64 white collar workers. The production division and the distribution centre will be closed. There is a high likelihood that the divisions will be moved abroad. The company's research department (with 200 employees) will continue to operate and remain relatively unaffected by the restructuring measures.
The company management states that the restructuring plans are largely due to the changes in network technology and the increasing competition in the market. While trade unions within the company are critical of this statement and believe that the restructuring effort is mainly an exercise in maximising profit.
For previous restructuring events, see CommScope2015-CZ, and CommScope2008-EU.
Eurofound (2021), CommScope, Closure in Belgium, factsheet number 104826, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/104826.