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.
Tupperware, an international manufacturer and distributor of plastic storage containers has announced it will close its facility in Belgium (alongside other facilities across Europe). In total, all 270 employees in Aalst face dismissal.
Earlier this year, the international parent company was taken over by creditors Stonehill Capital Management Partners and Alden Global Capital, whereby the new management decided to revise its production chain. However much is still unclear about the situation as the international management of the facility based in the US has not made any formal statements. This leads to great uncertainty and issues for employees as no formal bankruptcy procedures can be initiated.
Tupperware applied to the European Globalisation Adjustment Fund (EGF) in August 2025 to support the company’s restructuring process and mitigate the adverse effects for affected workers. A decision on the application is still pending.
Eurofound (2024), Tupperware, Closure in Belgium, factsheet number 202167, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202167.