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.
E power, a Belgian manufacturer of power generators, announced the closure of its plant in Nieuwerkerken following a bankruptcy filing that has resulted in the loss of 100 jobs. The company’s workforce, previously about one hundred people, will be terminated as the company ceases operations. The bankruptcy stems from a downturn in sales and a wave of delayed orders that strained the firm’s finances.
Union representatives from ACV-CSC METEA are engaging with the parties to protect the affected employees’ interests and to explore potential retention strategies. An acquisition negotiation with Bruno Generators Group offers a possibility that 35 to 40 staff members could be retained if the deal proceeds.
Eurofound (2026), E-Power, Bankruptcy in Belgium, factsheet number 300514, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/300514.