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.
Terumo, a Japanese multinational producer of medical materials and consumables, has announced plans to cease its production of catheters in Belgium, making 115 employees redundant.
This means that one production division within the facility in Haasrode will be closed. According to the Christian trade union ACV, the production of catheters would then move to Vietnam and Japan. The company management states that the measure was taken to reinforce the competitive position of the company in the long run. Employees of the company are surprised by the changes, as the company has been productive and free from financial problems.
The company already carried out a large-scale restructuring in 2014 Terumo-2014-BE.
Eurofound (2024), Terumo, Offshoring/Delocalisation in Belgium, factsheet number 201654, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/201654.