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.
Philips is about to close its production plant in Brugge, Flanders, which employs 191 workers. This production unit specialises in the manufacturing of flat-screen televisions. The closing will concern 118 blue-collar workers and 73 white-collar workers, and is due to a severe decrease in sales; however, the trade unions invoke errors in the investments' strategy as well as mismanagement. According to the management, only the production unit will be concerned by dismissals while the development unit, which is also located in Brugge, will remain. The trade unions intend to contest the closing and hope to find alternative solutions with the management.
Eurofound (2009), Philips, Closure in Belgium, factsheet number 69113, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69113.