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.
On April 4th, 2006, a furniture manufacturing company, called Van Pelt, located in the province of Limburg, announced a restructuring plan intended to reverse the heavy decline in sales over the last few years. In 2000, the turnover of the company stood at more than 35 million Euro but has since fallen to 21 million Euro in 2005. Half of company workforce will lose their jobs (90 jobs out of 184).
Eurofound (2006), Van Pelt, Internal restructuring in Belgium, factsheet number 63291, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/63291.