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 producer of chemical products and part of the Aramco group has announced closure of its facility in Zwijndrecht producing butyl rubber and 278 jobs will be lost. The company management has stated that the main reasoning behind the closure is the competition that the facility has had to face for a long time. Despite additional investments and other support measures, the facility remains unable due to oversupply in the market and high production costs. Production will be taken over by facilities of Arlanxeo in Canada and Singapore.
Trade unions have reacted that the situation has become increasingly desperate over time, especially after increasing energy costs.
Eurofound (2023), Arlanxeo, Closure in Belgium, factsheet number 109224, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/109224.