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.
Lanxess, an Antwerp-based firm that manufactures plastic products, is to cut 127 jobs in Antwerp. Management at the firm attribute the decision to the need of the company to be competitive in rapidly changing market conditions. The job losses are due to be implemented during 2008. Belgian trade unions are opposed to any compulsory redundancies at the site and desire to negotiate alterative arrangements with company management. As of September 2007, no negotiations between the parties have begun and no strike action has been planned by Belgian unions. Lanxess employs 1000 at its Antwerp site, and is a part of the Bayer Group.
Eurofound (2007), Lanxess, Internal restructuring in Belgium, factsheet number 65868, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/65868.