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 manufacture of trailers, is about to cut 873 jobs in its plant of Westerlo, Flanders. DAF Trucks had already not reconducted the employment contract of 750 temporary workers in November but this time the restructucturing process will apply to workers on an open-ended contract: 800 blue-collars and 73 white-collars. The management reported that the decision was made as a result of the overall financial crisis which led to a decrease in the production of trailers from 240 to 100 units a day. Trade unions were taken by surprise by this decision as they were expecting instead that temporary unemployment measures would be taken.
Eurofound (2009), DAF Trucks, Internal restructuring in Belgium, factsheet number 68315, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68315.