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.
Cora a chain of hypermarkets and part of the Louis Delhaize Group has announced it will close all of its Belgian stores (located across Wallonia and Brussels). In total approximately 1779 employees are at risk of losing their job. The company management states that growing competition of online and discount chains has led the company accumulate losses that it is unable to pay off. However, it also believes that the Belgian system of joint committees (of which there are several in the retail sector with their own rules and regulations) has led to unfair competition within the sector, putting hypermarkets like Cora at a disadvantage. As prescribed in the Renault-Law the information and consultation phase between the employer and the trade unions have started. The unions urge the company to establish plans that facilitate employees to transfer to other companies, as a large part of them is aged 45+.
Eurofound (2025), Cora, Closure in Belgium, factsheet number 202627, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202627.