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.
Farnell, a distribution platform for electronics and electronical parts has announced it will be closing its facility in Liege, all 192 employees are at risk of losing their job.
There is currently no clear reasoning why the closure is announced, the local trade union delegations react with surprise on the news and did not see this closure coming. As is obligatory via the so-called Renault Law, trade unions will now be informed and negotiations will start with the company management.
Updated, 12/12/23 After concluded trade union negotiations, 189 employees will lose their jobs.
Eurofound (2023), Farnell Electronics, Closure in Belgium, factsheet number 109128, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109128.