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.
Région Bruxelles-Capitale / Brussels Hoofdstedelijke Gewest;
Location of affected unit(s)
Schaarbeek
Sector
Information / Communication Publishing Of Information; Production And Programming Of Audiovisual Motion Picture, Video And Television Programme Production, Sound Recording And Music Publishing Activities 59 - Motion picture, video and television programme production, sound recording and music publishing activities
166 jobs Number of planned job losses
Announcement Date
21 April 2022
Employment effect (start)
1 January 2023
Foreseen end date
31 December 2025
Description
VRT, the Flemish public broadcasting network has announced it will undertake significant restructuring plans in the near future. In total this plan will lead to fire 116 people and not replace 50 employees who change jobs or retire. The company management states that this plan is needed to succeed in a "multimedial growth jump" within a "financially difficult framework". By 2025 the public broadcasting network will receive €25 million less subsidies, which is the main reasoning behind the austerity measures, in addition to rising costs and inflation.
An employment guarantee for all employees is agreed upon with the trade unions until the end of this year. It is stated that 80% of the 116 redundancies will take place in 2023.
Eurofound (2022), VRT, Internal restructuring in Belgium, factsheet number 106748, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106748.
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