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 group Bekaert, a manufacturer of wire products, has announced that it is to cut 136 jobs with the closure of its plant at Lanklaar in Limburg. Bekaert states that the decision to close the plant is due to increased competition and the difficulty to keep low prices. However, two new plants will be build, respectively in Russia and China.
Eurofound (2008), Bekaert, Closure in Belgium, factsheet number 66795, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/66795.