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.
Uco, textile manufacturer, has announced the closure of its facility in Gent (manufacturing denim) with the loss of 380 jobs. The production activities are likely to be offshored to Romania while business and administrative units remain in Gent. However, according to the trade unions, these two units may close as well. The Gent facility currently employs 400 people in its manufacture, business and administrative units. The closure is attributed to the greatest exposure to foreign competition in the textile sector and the increase of manufacturing and energy costs.
For more information, see EIRO report.
The Belgian authorities have applied for aid from the European Globalisation Adjustment Fund (EGF).
Eurofound (2008), Uco, Offshoring/Delocalisation in Belgium, factsheet number 67141, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67141.