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.
The closure could be a consequence of the deadline in June of the employment obligations relied at the European and Wallonian grants (Objectif 1) distributed during the nineties. A social agreement about the closure is signed by the Trade Unions and the management.
Eurofound (2003), Tourtex, Closure in Belgium, factsheet number 59981, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/59981.