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 Belgian division of Alcatel-Lucent, the worldwide telecommunications components manufacturer, announced on 12 February 2007 that around 140 of 1,844 people employed in Namur and Anvers would lose their jobs in 2007. The employees of Evere and Geel are not concerned by the current restructuring. Alcatel employs 2,200 people in Belgium. To recall, on 9 February 2007, the Franco-American group confirmed that the company would cut between 12,000 and 13,000 employees worldwide, following severe net losses and a steep decline in sales in the fourth quarter of 2006.
Eurofound (2007), Alcatel-Lucent, Merger/Acquisition in Belgium, factsheet number 64953, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/64953.