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.
Agfa-Gevaert develops digital imaging systems and IT solutions for the industry and the healthcare sector. Agfa's headquarters are located in Mortsel, Antwerp in Belgium. The company announced mid-October that necessary savings were to be made, resulting with the loss of 300 jobs before the end of 2010. The graphics' unit will be mainly concerned while the materials' unit will lose 196 jobs and the healthcare unit will lose 25 jobs. The group intends to realise a global saving plan with a decrease in the production and administration costs in order to save around 120 millions of Euros and to improve its competitive position on the market.
Eurofound (2008), Agfa-Gevaert, Internal restructuring in Belgium, factsheet number 67282, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67282.