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.
VF Corporation, an American multinational specialised in clothing and footwear has announced it will be dismissing approximately 100 employees of its Belgian division. The dismissals will mainly take place within white collar support functions such as IT, HR and administrative personnel. The company management states that the restructuring is part of an effort to streamline the company and make it more efficient.
Local trade union delegations have started talks with the company management (as prescribed in the 'Renault-Law'). According to trade union spokespeople, the willingness to undertake actions is high amongst the personnel.
Eurofound (2024), VF Corporation, Internal restructuring in Belgium, factsheet number 200997, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/200997.