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.
Domo, a firm that manufactures carpets and rugs, is to cut between 150 and 215 jobs at its sites in Sint-Niklaas, Gent, and Oudernaarde in the North-West of Belgium. It is uncertain exactly how many jobs will be lost but the cuts will affect staff at all three sites. None of the plants will close however, and company management have stated that the figure is still negotiable. Management have attributed the decision to a decline in the demand for carpets and rugs in Western Europe. It is likely that the job losses will be implemented by the end of 2007.
Eurofound (2007), Domo, Internal restructuring in Belgium, factsheet number 65801, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65801.