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.
AGC automotive, which manufactures windscreens, is about to cut 163 jobs on its site of Fleurus. Directly linked to the automobile sector, the company is severely affected by the crisis and the decrease of demand. At the beginning of 2000, the site employed 1200 workers, while only 150 workers will remain on the site after the restructuring. The trade unions now fear a probable closure of the site.
Eurofound (2009), AGC Automotive, Internal restructuring in Belgium, factsheet number 69545, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/69545.