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.
Hydrogenics, part of the US-based Cummins Hydrogenics group has announced it will dismiss 100 of its employees at its facility in Westerlo. The facility is specialised in the production of equipment to produce hydrogen. 50 white-collar and 50 blue-collar workers currently face dismissal. Despite significant investments in 2019, the company management has announced it will now move part of its production to Spain, the main reason given is Belgian wage costs. Also mentioned are the changes in market expectations due to the deceleration of worldwide climate targets.Other facilities in Belgium will not be affected.
Eurofound (2024), Hydrogenics, Offshoring/Delocalisation in Belgium, factsheet number 202099, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202099.