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.
Metal and coating transformation company Bekaert announced on Thursday 22 September, the dismissal of 210 employees in Hemiksem and Lanklaar. The action plan that Bekaert is proposing, applies to 85 and 125 jobs respectively. In Hemiksem 65 blue collar workers and 20 white collar workers will be affected, and in Lanklaar 110 blue collar workers and 15 white collar workers. Management is in negotiations with unions in order to develop alternative solutions to direct dismissals, by way of outplacement programmes, severance pay and the conventional early retirement schemes. The plant at Hemiksem is faced with an increased pressure on sales prices in Western Europe due to the increasing competition from imports of galvanized low carbon wires into the European Union from countries like Russia, South Africa, Ukraine, China, Israel, Turkey and Romania.
Eurofound (2005), Bekaert, Internal restructuring in Belgium, factsheet number 62296, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/62296.