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.
Carinox, a site of ArcelorMittal, located in the region of Charleroi, is about to cut 80 jobs and reassign another 70 employees. This restructuring is partly linked to the temporary stoppage of the stripping activities of the site of 'decaperie de la Praye' (see fact sheet n°13281). The activities should then be decreased and cause a change in work organisation: three teams instead of four and five working days instead of seven. No compulsory dismissals are forecast: 70 workers will be reassigned to other sites while 80 may leave on early retirement (prepension). ArcelorMittal is facing a severe decrease of demand and a lack of capital. This decision could be very damaging to the possibilities of survival of the metal industry in the region of Charleroi.
Eurofound (2009), Carinox, Internal restructuring in Belgium, factsheet number 68605, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68605.