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.
AkzoNobel, a multinational company in the manufacture of paints and coatings, has announced the closure of its production facility in Wapenveld, Gelderland, resulting in 143 job losses. The affected unit produces well-known paint brands such as Sikkens and Flexa. The company is currently in consultation with trade unions and the works council to explore possibilities for reassigning affected workers to other locations within Europe. The restructuring is part of a broader programme involving €250 million in cost-saving measures, which include the closure of several European sites. The company cites market developments and rising operational costs in Europe as key drivers.
Eurofound (2025), AkzoNobel, Closure in Netherlands, factsheet number 202905, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/202905.