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.
Daf Trucks, a manufacturer of trailers cabins and axles, is to cut 750 jobs at its site of Westerlo.
The management of Daf Trucks announced at the end of October 2008, a restructuring process that will concern its site of Westerlo, province of Antwerp. The restructuring process will cause around 750 jobs losses including 600 employees with a fixed-term contract, 60 with a permanent contract and 90 temporary workers. Daf Trucks decreased its daily production that fell from 245 to 190 trailers because of the financial crisis Europe is experiencing.
Eurofound (2008), DAF Trucks, Internal restructuring in Belgium, factsheet number 67469, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/67469.