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.
Agfa Gevaert, which specialises in graphical and medical imagery techniques, has announced a cut of up to 167 workers at their site in Mortsel, Antwerp. This decrease is directly due to the announcement of the losses for 2007. These losses are assessed to an amount of 27 million euro. According to the management, the turnover suffered from the high cost of the euro and from the slowdown of the US economy that caused increasing costs for raw materials.
Eurofound (2008), Agfa Gevaert, Internal restructuring in Belgium, factsheet number 66418, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66418.