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.
The steel manufacturer, ArcelorMittal, is to make redundant 1,700 employees from its large plant in Liege, Belgium. This area contains the blast furnaces of the company. The redundancies are part of an internal restructuring plan. The company employs 4,200 employees currently, and so the workforce will be reduced to 2,800. Three hundred temporary workers are also understood to have recently been let go.
Eurofound (2009), Arcelor Mittal, Internal restructuring in Belgium, factsheet number 68493, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68493.