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.
Cargill, a US-based multinational specialised in food production has announced restructuring plans for Belgium. In total 164 of 1200 employees are at risk of losing their job.
The main group of employees facing dismissal are technical staff at the facility in Mechelen-Vilvoorde, with 89 job cuts. The company management states that in total approximately 5% of its global workforce has to be reduced, which represents 8,000 jobs. While Cargill justifies its decision with the decline in raw material prices, local trade unions are dissatisfied with the decision as they state that the company is healthy and not facing financial issues.
The most recent restructuring events recorded in the ERM, included the cut of 183 jobs and the creation of 19 in France: Cargill 2019 - FR
Eurofound (2024), Cargill, Internal restructuring in Belgium, factsheet number 202100, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202100.
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