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 company Aleris, that produces Aluminium, announced its intention to cut 510 jobs on its site of Duffel (Antwerp). The production of aluminium is severely concerned by the slowdown of the automobile industry as well as the metal industry. Aleris experienced a production decrease of 50% since December 2008.
In April, management has announced to cut 770 jobs. The announcement was a complete shock for the trade unions, which were trying to propose alternatives to the management. According to the latter, it was envisaged to reduce the number from 770 jobs concerned to 520 through measures of temporary unemployment. In May 2009, trade union representatives and management agreed to dismiss 510 employees only.
Eurofound (2009), Aleris, Internal restructuring in Belgium, factsheet number 68768, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/68768.