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.
Alro, which produces parts and accessories for motor vehicles, is to cut 385 jobs at its plant in Dilsen-Stokkem, Flanders. The lay offs are a result of a decrease in production by DAF Trucks and Scania, two automobile companies to whom Alro supplies parts. To cope with this decrease in demand, Alro had at first introduced temporary lay offs for its employees. The management finally decided to cut 385 jobs, comprised of 350 blue-collar and 35 white-collar employees.
Alro is one of the main subcontractors of the automobile industry located in Belgium.
Eurofound (2009), Alro, Internal restructuring in Belgium, factsheet number 68492, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68492.