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.
Manufacturing Manufacturing Of Furniture And Other Manufacturing Other Manufacturing 32 - Other manufacturing
143 jobs Number of planned job losses
Announcement Date
11 May 2023
Employment effect (start)
12 May 2023
Foreseen end date
Description
Purmo, a Belgian manufacturer of radiators for domestic use have declared bankruptcy. All 143 of their employees at their facility in Zonhoven are at risk of being dismissed. The main reasoning behind the closure is a significant reduction in demand for 'classic' radiators in homes. The installation of radiators connected to gas heating systems has been drastically reduced since it is prohibited within newly built homes. Trades unions have started the negotiation and consultation phase with the company management as prescribed within the national restructuring law.
Eurofound (2023), Purmo, Closure in Belgium, factsheet number 109044, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/109044.
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