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 French automobile manufacturer Renault is to cut 170 jobs at its site in Vilvoorde. The plant was already restructured in 1997, which resulted in 3000 job cuts and limiting the scope of activity to fixation of rims and pipes. Due to a drop in demand in the automobile industry, Renault decided to keep only one department, employing 60 workers in Vilvoodrde. The remaining 170 employees will, for the most part, be early retired.
Eurofound (2009), Renault, Internal restructuring in Belgium, factsheet number 68702, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68702.