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.
Beaulieu International intends to close its custom-made carpet manufacturing plant located in Wielsbeke, West-Vlaanderen with a loss of 109 jobs. The management of the group explained its decision by huge losses due to competition with firms from Asia or the Middle-East and the increasing cost of rough materials.
For more information, see EIRO report.
As reported, Belgium has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2008), Beaulieu International, Closure in Belgium, factsheet number 66657, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66657.