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 American group Commscope announced its intention to close its site located in Seneffe, Hainaut, Belgium, that employs 115 workers. According to the management, the site would not be anymore rentable in the new global context of the telecommunication sector. Commscope Europe manufactures in Belgium coaxial cables for television networks. After the announcement, trade unions and the 115 workers of the site went on strike to demand some guarantees about a potential purchaser of the site. The management will have to ensure the purchase of the site and the maintaining of a maximum of jobs. Throughout few days of negotiation between the trade unions and the management, Commscope finally agreed to keep the site in function until the purchase. The trade unions also proposed a social plan that forecast the workers would keep their years of service under the new buyer, a pre-retirement for workers older than 50 and grants for the workers who would voluntarily leave. The management will present its propositions for the beginning of April while a potential purchaser was already visiting the site one week after the closing announcement. At the end of 2008, no purchaser was found to invest on the plant. The plant closed and the 115 employees were made redundant.
Eurofound (2008), Commscope Europe, Closure in Belgium, factsheet number 66419, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66419.
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