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.
Vynova, a Belgian-owned chemical producer at the Chemelot Industrial Park in Geleen, announced the closure of its PVC powder plant, leading to the loss of around 100 jobs. The decision follows continued weak demand, global overcapacity in PVC production and strong competition from regions with lower costs and less stringent regulation.
The management has requested advice from the works council and started consultations with trade unions to prepare a social plan. Production is expected to cease in November 2025. Union FNV aims to negotiate improved compensation, as the previous DSM-era social plan recently expired.
Eurofound (2025), Vynova, Closure in Netherlands, factsheet number 203522, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/203522.