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.
Arlanxeo a Dutch multinational company specialised in the fabrication of rubber products has announced it will be dismissing 70 of its employees in their facility in Zwijndrecht. Among the 70 employees facing dismissal there are 55 blue collar and 15 white collar workers. Redundancy are connected to the rising energy prices as well as heavy competition from companies in China, India and Russia. These issues have been ongoing for some time, and a large amount of employees have been put on temporary unemployment for some time in order to save costs. In addition to the reduction in personnel, a wage reduction was also announced.
The trade unions are critical of the decisions by the company management and refuse to accept the decisions. They fear that the remaining employees will be forced to be more flexible.
Eurofound (2022), Arlanxeo, Internal restructuring in Belgium, factsheet number 107032, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/107032.