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.
Sigma Coatings will abandon its 'coil' production line (industrial painting) which is transferred to another factory of the group, in Bochum, Germany. Management wants to start a procedure of collective redundancy (Renault procedure) but is in conflict with the unions for the age suggested for pre-pensions. Unions also fear that this reorganisation is a first step towards the total closing of the factory. Members of management were sequestered during several days in the offices of the company by angry workers. A social agreement was finally found between management and trade unions.
Eurofound (2003), Sigma Coatings, Internal restructuring in Belgium, factsheet number 60209, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/60209.