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.
Industeel Belgium announced a new restructuring plan affecting between 200 and 300 jobs at Charleroi. Primarily contracts with limited duration will not be renewed and temporary contracts will be removed (half of the dismissals will concern temporary workers). The measure is linked to the transfer of Industeel towards the German group Dillinger Hütte (Arcelor 51 %).
In 2002, 200 workers had already been made redundant as part of a previous plan of the ex- Fafer, now renamed Industeel.
Eurofound (2003), Industeel Belgium, Internal restructuring in Belgium, factsheet number 59540, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59540.