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.
Domo, a carpet manufacturer is to cut 200 jobs on its plants of Sint-Niklaas and Gent (Flemish region). In total, Domo employs 1350 people in Belgium. The management explained that the plan to restructure the company is the consequence of the decrease in the demand for carpets in Western Europe. This internal restructuring follows other closures and restructuring that concerned other textile manufacturers in the Flemish region. The reasons of these numerous restructuring processes are the intense foreign competition and the increase of the manufacturing and employment costs.
For more information, see EIRO report.
As reported, Belgium has applied for assistance from the European Globalisation Adjustment Fund (EGF).
Eurofound (2008), Domo, Internal restructuring in Belgium, factsheet number 67149, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67149.